Sample questions relating to Loughborough Lease Extensions

  • I'm about to make an offer on a house in Loughborough 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 Bank of Ireland giving us the mortgage now?
  • I am looking for a property lawyers in Loughborough and they should be on the Norwich and Peterborough Building Society approved conveyancers panel as we need a lease extension and remortgage at the same time. Are you able to recommend a lawyers ?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Loughborough, and my lease will reach seventy five years this November. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I plan on buying a flat based in Loughborough. The offer is conditional upon a lease extension. The flat owner’s conveyancers has given to the freeholder the Notice of Claim. 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 Virgin Money. Moreover, which are the following lease extension steps to complete the purchase?
  • I am a first time buyer of a leasehold flat in Loughborough. The lease has only fivety five years left and ground rent is £75. Is it possible for the homeowner to serve the Notice of Claim and then transfer over the right to me as the purchaser once I complete the buying process so that I can avoid waiting for the 2 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 is achievable but will it be very time costly to the flat owner? To add to the complexity it’s the case of an missing freeholder, so I am not sure how does it work.
  • My mortgage provider is requesting a £450 fee for their solicitors for a "deed of substituted security" for the lease extension for my flat in Loughborough... I am unable to find any reference of this in my mortgage guide... is this a standard charge?
  • We have a GFF in Loughborough. There is 80 years remaining on the lease and we want a lease extension. How much does it cost on average to get a lease extension by, say,thirty years
  • I intend to buy a one bed flat in Loughborough for asking price of 156k, which has 65 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 76 years. I need a conveyancing practitioners at my end. Can you advise please? I live near Loughborough and have a mortgage with Bank of Scotland.
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Loughborough
  • Other Topics

    Lease Extensions in Loughborough

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