Sample questions relating to Shipston on Stour Lease Extensions

  • My name´s Eli. I’m property hunting in Shipston on Stour I'm considering offering on a garden flat online, with circa 57 years unexpired lease, how much does it cost on average to get a lease extension by, say, 35 years?
  • I am fairly sure that our has advised us incorrectly concerning a lease extension and I want to find out how to go about making a formal complaint
  • I am looking to either purchase the freehold or a lease extension of my property in Shipston on Stour and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with Barclays Direct to release of equity. My adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease commenced in 1981 and since then the ground rent has been raised from £15.00 per annum to £200 per annum.
  • We have owned a leasehold flat for approximately twenty years. There are seventy nine years left on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
  • I'm living at parents but have a studio flat in Shipston on Stour let out which has a seventy one year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Shipston on Stour for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?
  • Just been over two years that I have been in my garden flat in Shipston on Stour. I have seventy one yrs remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 445k. 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: In terms of surveyors - how do I go about finding one?
  • We are acquiring a three bed flat in Shipston on Stour which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced extending the lease. The seller’s lawyer has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do a pre-completion search on the lease. The problem 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 have to hold on until the lease extension has actually been registered before completing.?
  • I am currently in the process of remortgaging my one bedroom ground floor purpose built maisonette in Shipston on Stour and the bank that I am looking to move to needs a minimum 80 years remaining on the lease in order for them to take the mortgage forward. I have found that I currently have around 56 years on the leasehold so require some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • We currently own a ground floor flat in Shipston on Stour and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy one years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • We have a three bed flat in Shipston on Stour with a lease of 61 years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?

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