Questions and Answers: Cottenham Lease Extensions

  • Me and my partner have just acquired a studio flat located inCottenham and I'm considering extending the lease as soon as possible e.g. after 24 months of ownership
  • I own a flat in Cottenham with a leasehold unexpired roughly 63 years and need a lease extension. Please can you advise me of the next stages
  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 899 years balance left so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any suggestions would be much appreciated.
  • I have been in touch with my freeholder to extend my lease for my flat in Cottenham. His property lawyers has been in contact regarding charges etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started July 1986.
  • Are you able to advise on how much it would expense and the best way to start the lease extension process? I have nearon fivety four years unexpired lease and I own a ground floor flat in Cottenham.
  • I am considering buying an auction property and identified a two bed flat in Cottenham. It has just fifty year lease..the seller as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this except for the expensive fee to extend the lease and decreased chance of obtaining a mortgage with Santander?
  • My wife and I have a residential flat in Cottenham with fivety seven years left. Ten months ago we were quoted a deal to receive a lease extension for another fifty years but also increase ground rent from notional to £250 per year..plus a premium I think of about 14k. Finally we have decided to go ahead but do we now have to renegotiate?
  • I am in need of a lease extension for my flat in Cottenham and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around fivety four years. I need a conveyancing practitioners at my end. Can you advise please? I live near Cottenham and have a mortgage with Birmingham Midshires.
  • I have a freehold of a three bedroom flat in Cottenham. The leaseholders have sixety two years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
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    Lease Extensions in Cottenham

    Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Cottenham