Top Ten Questions relating to Old Stratford Lease Extensions

  • I purchased a studio flat in Old Stratford. I am looking for a lease extension on the property. It is about eighty years. I would just like to know what your charges are and how long the process takes.
  • My mortgage lender is requesting a £450 fee for their to approve the lease extension deed for my flat in Old Stratford... I can find no mention of this in my mortgage literature... is this a standard fee to pay?
  • I am a landlord of a block of flats in Old Stratford, and the tenants are in the process of being granted lease extensions. I should hopefully get the money next month. Are there any tax implications, the property is in joint names with my husband ?
  • I am considering acquiring an auction property and found a studio flat in Old Stratford. It only has a 48 year lease..the vendor being mortgagees in possession will not want to mess around with seeking a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and decreased chance of obtaining a mortgage with Nottingham Building Society?
  • We have a GFF located in Old Stratford. There is eighty years left on the lease and we want to extend the lease. How much will it likely cost to get a lease extension by, say,35 years
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to acquire in Old Stratford. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the rear garden.
  • My OH and I are are hoping to complete on a studio flat in Old Stratford which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do a "priority search" on the property title. The problem 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 property title number is not known. Is it right that we have to wait pending registration of the new lease?
  • I'm looking for some assistance with regard to a lease extension on my maisonette. The plan is to do this next autumn as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • We currently own a one bedroom apartment in Old Stratford 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 60 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. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?

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