Questions and Answers: Derby Lease Extensions

  • I am looking for a lease extension on the lease on my studio flat in Derby which will have 76 years remaining in August. What fees do you charge for this?
  • I am interested in getting a lease extension for a flat in Derby and want to use a local . Are you able to help me find a ?
  • I'm about to make an offer on a house in Derby but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Coventry Building Society giving us the mortgage now?
  • I plan on buying a flat based in Derby. The offer is conditional upon a lease extension. The owner’s has given to the freeholder the Section 42 Notice. 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 Barclays . Moreover, which are the following lease extension steps to complete the purchase?
  • I'm deliberating over purchasing a studio flat (leasehold) but the landlord has been missing for nearon 15yrs. My query is would it be cheaper to try to purchase the reversionary title or to extend lease and apply for right to manage?
  • I am about to view a one bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has seventy four years remaining on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • My husband and I are considering purchasing a one bedroom first floor purpose built flat in Derby which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
  • Offer accepted on a a studio flat in Derby, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as 85 years.We are about to exchange contracts within a week. My query is Have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • We have owned a leasehold flat for around fifteen years. There are sixety five years remaining on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.
  • Just been over 2 years that I have owned my maisonette in Derby. I have sixety yrs remaining on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?

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