FAQs concerning Haverhill Lease Extensions

  • I'm planning to make an offer on a house in Haverhill 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 The Royal Bank of Scotland giving us the mortgage now?
  • I plan on buying a flat in Haverhill. My offer is conditional upon a lease extension. The flat owner’s has served 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 Britannia. Moreover, which are the following lease extension steps to complete the purchase?
  • Is it possible to talk with you about an apartment in Haverhill, I am considering bidding at auction next month. The flat only has a few years remaining and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • Last year I purchased a leasehold flat in Haverhill. I have built a huge extension and have not informed my leaseholder. What are my options?
  • I am a landlord of a block of flats in Haverhill, and the tenants are in the process of being granted lease extensions. I anticipate receiving the money within a month or so. As I am not on self assessment do I write to the tax man ?
  • Me and my husband have been in discussion with our freeholder after having a valuation on our ground floor flat in Haverhill. We have a 64 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount 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 to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • We are purchasing a garden flat in Haverhill which has share of freehold and a leasehold. The lease was on the short side so the owner is in the process of extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we must hold on until the new lease is registered?
  • Me and my partner are hoping to acquire a home (a two bedroom second floor purpose built flat located inHaverhill with share of freehold). Throughout our search, we were always looking at properties that had at least 83 years unexpired. We found a flat we fell in love with and the estate agent promised us that the lease term was not an issue. Yesterday our told us the lease only has 57 years and therefore needs a lease extension. Do we run away, or do we reduce our offer?
  • We currently own a garden flat in Haverhill and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 68 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • Do you handle lease extensions on land? (a plot of land in Haverhill with 82yrs remaining)

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