FAQs concerning Polesworth Lease Extensions

  • I’m just looking for a ground floor flat to buy in the Polesworth area and was interested in finding out what the likely fees would be for a lease extension? It has seventy three years outstanding...
  • Hi, I stumbled upon your website. I'm looking for prices on what a lease extension will cost for a studio flat based in Polesworth. It's on the market at the moment but has slightly less than seventy six years of unexpired leasehold
  • I am looking for a in Polesworth and they should be on the Barclays Direct approved conveyancers panel as we need a lease extension and refinance simultaneously. Can you recommend any please ?
  • I plan on buying a flat located in Polesworth. The offer is conditional upon a lease extension. The homeowner’s 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 Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I'm looking for an apartment to purchase in Polesworth and I'm not really familiar with the leasehold concept. I've identified a one bedroom apartment I like with a 91 years lease. My research reveals that I can apply for a lease extension having owned the property for a couple of years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
  • I am a FTB of a leasehold flat in Polesworth. The lease has just seventy one years remaining and ground rent is £25. Is it possible for the owner to serve the Section 42 Notice and then transfer this right to me as the purchaser on the day of completion so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the owner? To add to the complexity it’s the case of an absent freeholder, so I am not sure how this will play out.
  • I am thinking about acquiring an auction property and came upon a studio flat in Polesworth. It has just 50 year lease..the seller being mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and reduced chance of obtaining a mortgage with Santander?
  • 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?
  • I would like some help on purchasing a leasehold residence. We are going to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Polesworth area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • I'm looking at buying a flat in Polesworth valued at £195,000 the flat has just under 57 years left on the lease. My offer was subject to a lease extension... .. that was back in November, hoping I'd be in by now. The seller has just informed the agent that they are prepared to knock £5k off if they don't have to deal with the lease extension. I'm not sure whether that's a good idea

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