Questions and Answers: Cottenham Park Lease Extensions

  • I have got a leasehold flat in the Cottenham Park area and was curious if I could get a lease extension. What are your processes and charges. There are 54 years left
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I plan on buying a flat based in Cottenham Park. The offer is subject to the lease extension. The homeowner’s has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I need to talk to you about a leasehold property in Cottenham Park, I am considering buying at auction in the next few days. The flat has a short lease and I was wondering about how much it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to purchase in Cottenham Park and I'm not really familiar with the leasehold tenure. I've found a studio flat I like with a 90 years lease. I've read that I can go for a lease extension after a couple of years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?
  • My mortgage provider is requesting several hundred pounds for their to agree a lease extension for my flat in Cottenham Park... I can find no mention of this in my mortgage booklet... is this a usual charge?
  • I am a freeholder of a block of flats in Cottenham Park, and the leaseholders are in the process of being given lease extensions. I should hopefully get the money next week. As I am not on self assessment do I contact the tax authorities ?
  • We are considering buying a garden flat in Cottenham Park which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
  • I own a purpose-built apartment based in a small block in Cottenham Park. The leasehold interest in the apartment on a ninety five year lease which commenced on 21st August 1972 with a fixed ground rent of £10 per annum. I wish to obtain a lease extension. Can I call someone to discuss my options please?
  • 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 sixety eight years. I need a at my end. Can you advise please? I live near Cottenham Park and have a mortgage with Yorkshire Building Society.

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