Glenfield Lease Extensions: Q and A’s

  • Hi, I just randomly found your website. I'm looking for prices on what a lease extension will cost for a maisonette in Glenfield. It's up for sale at the moment but has about seventy eight years left on the lease
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has seventy four years unexpired.
  • I am looking to either purchase the freehold or a lease extension of my property in Glenfield and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Chelsea Building Society to release of equity. My adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease started in 1981 and since then the ground rent has been raised from £25.00 per year to £100 per annum.
  • Regarding a property in Glenfield. lower maisonette. fivety seven yrs remaining. I have an agreed lease extension to £12,000 for 125yrs. Landlord also requested Notice of Claim which I think should not be required. Advice required.
  • We are looking to extend our lease having owned the flat for 2 years as of 6th Feb 2015. It has nearly 71 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • Offer accepted on a a garden flat in Glenfield, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer in writing through the post which states the lease as eighty years.Contracts were due to be exchanged in a couple of days. My query is how is possible that the estate agent got it so wrong?
  • I an interested in finding out more about leasehold property buying. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Glenfield area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • I'm living with my mum and dad but have a one bedroom apartment in Glenfield let out which has a 71 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 Glenfield 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 13k. Should I keep or sell the flat?
  • Just been over two years that I have been in my three bed flat in Glenfield. I have 74 yrs left on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 425k. 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: Is there a benefit in getting a Glenfield based or any will do fine?
  • My husband and I have been in discussion with our freeholder after having a valuation on our one bedroom first floor purpose built maisonette in Glenfield. We have a sixety five year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he 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 to handle this for us. Can you please provide me what your costs would be to act on our behalf.

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