Recently asked questions relating to Narborough Lease Extensions

  • 20,000 agreed with the landlord, just attempting to find a Narborough for a lease extension. Our flat has circa seventy six yearsleft. How long will this take ?
  • I bought a maisonette in Narborough. The start date for the lease was in 2001 for 99 years. Now I am looking for a lease extension. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • My mortgage provider is requesting several hundred pounds for their to approve the lease extension deed for my flat in Narborough... I am unable to find any mention of this in my mortgage contract... is this a usual cost that they charge?
  • Offer accepted on a a garden flat in Narborough, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as 82 years.Contracts were due to be exchanged in a couple of days. My question is Should I tell the owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • My fiance and I have owned a leasehold flat for about twenty years. It now has seventy six years remaining on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.
  • Just been over two years that I have owned my 2 bed flat in Narborough. I have sixety three yrs left on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 445k. 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to acquire in Narborough. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the rear garden.
  • I'm intent on purchasing a flat in Narborough at a price of £195,000 the flat has approximately fivety seven years remaining on the lease. I put in an offer subject to a lease extension... .. that was back in June, expecting I'd have completed before Christmas. They have just come back saying they are willing to reduce the price by£8k if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • I am currently in the process of refinancing my maisonette in Narborough 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 take the mortgage forward. I have discovered that I currently have around seventy seven years on the leasehold so looking for some help, guidance, and some quotes to get the wheels in motion for a lease extension

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