Questions and Answers: Finedon Lease Extensions

  • I have shares in the freehold of buildings comprising of six flats each. Two of the leaseholders want to extend their leases and I'm wondering about the the process
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has sixety one years residual lease term.
  • I purchased a three bedroom second floor purpose built maisonette in Finedon with a leasehold unexpired of 68 years. I am enquiring about how much it will cost me to extend my lease
  • We are the registered owners of a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Finedon and are therefore deliberating the option of a vesting order. Is this something you can help us with?
  • I'm looking for an apartment to purchase in Finedon and I'm not really familiar with the leasehold arrangement. I've found a garden flat I like with a 87 years lease. I've read that I can get a lease extension having owned the property for a couple of years, but:- Is this a given?
  • My wife and I have a leasehold flat in Finedon with 63 years to run. Last year we were quoted a deal to grant a lease extension for a further 25 years but also uplift the ground rent from nominal to £300 per annum..plus a premium I think of approximately 9k. Finally we have decided to proceed but do we now have to renegotiate?
  • I am planning to extend the lease on my two bedroom ground floor purpose built flat in Finedon I am looking for a local company to calculate the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • My OH and I have been in discussion with our freeholder after having a valuation on our garden flat in Finedon. We have a 79 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I am currently in the process of remortgaging my one bedroom apartment in Finedon and the mortgage company that I am looking to move to requires a minimum 85 years remaining on the lease in order for them to progress matters. I have discovered that I currently have around seventy nine years on the leasehold so require some advice, guidance, and some quotes to set the wheels in motion for a lease extension
  • Other Topics

    Lease Extensions in Finedon

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