Recently asked questions relating to Saffron Walden Lease Extensions

  • 40k agreed with the landlord’s agents, just attempting to find a Saffron Walden for a lease extension. Our flat has roughly 66 yearsremaining. How long will this take ?
  • I'm intending to make an offer on a house in Saffron Walden 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 Leeds Building Society giving us the mortgage now?
  • I invested in buying a ground floor flat based in Saffron Walden with a leasehold unexpired of seventy four years. I am enquiring about how much I will need to spend to extend my lease term
  • I am the registered owner of a one bedroom apartment in Saffron Walden. The start date for the lease was in 1992 for 99 years. Now I am wanting to extend the lease. I am not entirely sure about further expenses, could you tell me please how much I should expect to spend on this?
  • I'm looking for an apartment to purchase in Saffron Walden and I'm not really familiar with the leasehold title. I've identified a place I like with a 91 years lease. My research reveals that I can apply for a lease extension after 2 years, but:- Is this a given?
  • I own a share of the freehold. There are three flats in the block. All the leaseholders are now requiring lease extensions. What's your legal fee?
  • 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 leasehold property buying. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Saffron Walden area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • Just been over two years that I have been in my maisonette in Saffron Walden. I have 75 yrs outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Saffron Walden based or any will do fine?
  • My wife and I are worried about obtaining a lease extension from a difficult freeholder. Even though the correct procedures were adhered to under the 1993 Act, the freeholder still tried to get ground rent of £300 increasing by 100% every 25 years of the new lease. Can you help?

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