Questions and Answers: Scotter Lease Extensions

  • We agreed with the head landlord to a lease extension on our flat in Scotter, 8k for an additional 90yrs. How long will it take ?
  • I have shares in the freehold of buildings comprising of six flats each. Two of the leasehold owners want a lease extension and I'm wondering about the procedure for this
  • I own a leasehold flat in the Scotter area and was wondering if I could obtain a lease extension. What are your processes and fees. There are seventy six years residual lease term
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I'm considering buying a maisonette (leasehold) but the freeholder has been absent for nearly 15yrs. I wonder whether it will be cheaper to try to acquire the freehold or to extend lease and apply for right to manage?
  • What will it cost me and what is the best way to get a lease extension started? I have approximately 73 years left on my lease on a ground floor flat in Scotter. I have emailed the agent who act on behalf of the freeholder and they gave me the number for the surveyor. I left a phone message for the valuer but I am not receiving any kind of response.
  • Offer accepted on a a 2 bed flat in Scotter, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as 82 years.We are soon to exchange contracts within a week. My query is how is possible that the estate agent got it so wrong?
  • My nephew has a share of freehold, with two other leaseholders in a building in Scotter. House converted into three apartments. He has a lease, which has just over seventy seven years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • I am the freeholder of a property in Scotter and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has increased this to £10,000 without too much effort. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
  • I am currently negotiating a lease extension for my flat in Scotter as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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