Frequently asked questions relating to Peterborough Lease Extensions

  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 798 years remaining 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 correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any information would be much appreciated.
  • I am going to purchase a flat in Peterborough. My offer is conditional upon a lease extension. The flat owner’s has served 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 Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • We hope to sell our ground floor flat in Peterborough but we may need to extend the lease, or possibly cover the costs of our buyers. Can you suggest a to handle this?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Peterborough and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Birmingham Midshires to release of equity. The adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease began in 1981 and since then the ground rent has increased from £15.00 per annum to £100 per annum.
  • I am concerned that my niece is being hoodwinked. She put in an offer on a garden flat in Peterborough, where the lease is about 70 years but she was told by the selling agents that the homeowner had extended it to 99 years. Only now has she been told the owner was holding off for her to appoint solicitors ahead of instigating the lease extension. Seems devious, also it will take months to sort it all out. Am I being too sceptical?
  • I am seeking advice as I am interested in a property that has only a sixety two year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?
  • I am in need of some help with a lease extension. I live in Belfast but the flat in question is based in Peterborough. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • My OH and I are are hoping to complete on a one bedroom apartment in Peterborough which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our to do a "priority search" on the lease. The concern 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 lease title number has not been issued. Is it correct that we must wait pending registration of the new lease?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Peterborough
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my ground floor flat in Peterborough

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