Top Ten Questions relating to Fenton Lease Extensions

  • I’m just looking for a ground floor flat to purchase in the Fenton area and was enquiring what the likely fees would be to extend a lease? It has 59 years outstanding...
  • The terms for the lease on my flat in Fenton are 99 years from 14 Feb 1988. Please give me a quote to extend the lease if I give you more details please?
  • I'm looking for a flat to buy in Fenton and I'm not really familiar with the leasehold title. I've found a two bedroom first floor purpose built flat I like with a 91 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Clydesdale?
  • I am looking at acquiring an auction property and identified a one bed flat in Fenton. It only has a 49 year lease..the vendor being mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this other than the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with National Westminster Bank?
  • I own a share of the freehold. There are five flats in the house. All the leaseholders are now seeking lease extensions. What are the timescales to grant a lease extension?
  • We are looking to extend our lease. We will have been in the place for 2 years as of 22nd April 2015. It has approximately sixety four years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as possible.
  • My dad has a share of freehold, with two other leaseholders in a building in Fenton. House converted into three apartments. He has a lease, which has around 73 years outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • I'm living at mother and father but have a studio flat in Fenton let out which has a 57 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Fenton for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?
  • I know that others in the same block had already had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on previous prices . This would save on double valuation fees. Would you recommend such a course of action?
  • Are you able to provide an estimate to extend my aunt’s lease on a ground floor flat in Fenton. She recently got a price from the freeholder for a lease extension but I am not sure it is reasonable.

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