Recently asked questions relating to Northampton Lease Extensions

  • We are seeking a lease extension for our two bed flat based in Northampton and we don't fully comprehend the letter that we received from our freehold company. Are you willing to assist us with this situation?
  • My partner and I have just completed on a maisonette based inNorthampton and I'm considering a lease extension as soon as practicable e.g. after 24 months of ownership
  • I'm wanting to make an offer on a house in Northampton 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 Alliance & Leicester giving us the mortgage now?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 899 years left so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any suggestions would be much appreciated.
  • The terms for the lease on my apartment in Northampton are 99 years from 1 Dec 1988. Can you supply me me a quote for a lease extension if I give you more specifics please?
  • We inherited a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Northampton and are therefore deliberating the option of a vesting order. Is this something you can help us with?
  • We are hoping to purchase a property (a garden flat inNorthampton with share of freehold). Throughout our search, we were always looking at flats that had at least 83 years balance left. We came across a flat we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. Yesterday our advised us the lease only has fivety nine years and thus needs a lease extension. Do we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I own the freehold of a couple of flats. Someone has the lease on the lower flat in Northampton. I live in the upper flat. I was looking at the land registry documents recently when I noticed that my flat is leasehold. There is seventy four years residual lease term. Is it possible to do a lease extension without retaining a ?
  • I own the freehold reversion of a property in Northampton where the leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My surveyor has suggested a much higher figure. 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 armed with the valuations I have? If not, what fee would I be likely to face?
  • I have a lease of 65 years remaining on my flat in Northampton. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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