Gnosall Lease Extensions: Q and A’s

  • I need to extend my existing lease can you assist? I think it has seventy five years balance left
  • I'm intending to make an offer on a house in Gnosall but I'm concerned 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 HSBC Bank giving us the mortgage now?
  • Hello. I need someone to have a look at my lease extension ahead of it being formalised just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor amendments.
  • Is it possible to talk with you about an apartment in Gnosall, I am considering bidding at auction next month. The flat only has a few years remaining and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • I am a first time buyer of a leasehold flat in Gnosall. The lease has only 57 years outstanding and ground rent is £75. Is it possible for the flat owner to serve the Initial Notice and then assign over the right to me as the buyer on the day of completion so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the vendor? Unfortunately the freeholder is absent, so I am not sure how does it work.
  • I am looking at buying an auction property and came upon a studio flat in Gnosall. It has just 49 year lease..the vendor as mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this except for the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with Santander?
  • My son has a share of freehold, with two other leaseholders in a building in Gnosall. House divided into three flats. He has a lease, which has circa 63 years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Gnosall. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I own the freehold reversion of a property in Gnosall and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has increased this to £10,000 at the drop of a hat. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • I am currently negotiating a lease extension for my flat in Gnosall as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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