Frequently asked questions relating to Old Stratford Lease Extensions

  • I own a leasehold flat in the Old Stratford area and was enquiring if I could obtain a lease extension. What are your processes and charges. There are 58 years residual lease term
  • I am looking to buy a ground floor flat in Old Stratford with a lease of 78 years but unsure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I am going to purchase a flat in Old Stratford. My offer is subject to the lease extension. The seller’s lawyers has given to the freeholder 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 Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • I'm deliberating over buying a one bedroom apartment (leasehold) but the freeholder has been absent for roughly 15yrs. My query is would it be less expensive to try to acquire the reversionary title or to extend lease and apply for RTM?
  • I'm looking for an apartment to buy in Old Stratford and I'm not really familiar with the leasehold arrangement. I've identified a maisonette I like with a 82 years lease. My research reveals that I can go for a lease extension after 2 years, but:- Is this a given?
  • We are considering purchasing a 2 bed flat in Old Stratford which is a leasehold. I am enquiring as to the pros and cons of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
  • My solicitors (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?
  • I am hoping to extend the lease on my one bedroom apartment in Old Stratford I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 78 years. I need a property lawyers at my end. Can you advise please? I live near Old Stratford and have a mortgage with Godiva Mortgages Ltd.
  • We are worried about getting a lease extension from an objectionable landlord. Regardless of the fact that the correct procedures were followed under the 1993 Act, the freeholder still attempted to get ground rent of £200 doubling every twenty five years of the new term. Can you help?
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    Lease Extensions in Old Stratford

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