Frequently asked questions relating to Spondon Lease Extensions

  • My wife has an apartment located in Spondon which we are about to put on the market. The leasehold has around 78 years remaining on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.
  • I am looking for a conveyancing practitioners in Spondon and they should be on the National Westminster Bank approved conveyancers panel as we need a lease extension and remortgage at the same time. Can you recommend a conveyancing practitioners ?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Spondon and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Halifax to free up equity. The broker handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease began in 1972 and since then the ground rent has been raised from £15.00 per year to £200 per annum.
  • I am thinking about buying an auction property and found a one bed flat in Spondon. It only has a fifty-one year lease..the current owner as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and reduced chance of obtaining a mortgage with Bank of Ireland?
  • Regarding a property in Spondon. GFF maisonette. seventy nine yrs left. I have negotiated a lease extension price of £14k for 115yrs. Freeholder also insisted on Initial Notice which I think is a tad over the top. Can you assist.
  • Me and my husband have been in discussion with our freeholder after having a valuation on our 2 bed flat in Spondon. We have a 65 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a solicitors to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I am the registered freeholder to two flats. Someone has the lease on the ground flat in Spondon. I reside in the upper flat. I was looking at the title deeds yesterday when I noticed that my flat has a lease on it. There is sixety one years left on the lease. If I want to do a lease extension then would I just be paying for the solicitors fees?
  • My and my partner are concerned about obtaining a lease extension from a difficult freeholder. Even though the legal procedures were followed under the 1993 Act, the freeholder still tried to get ground rent of £200 doubling every twenty years of the new lease. Can you help?
  • I know that others in the same block had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you suggest such a course of action?
  • I am currently in the process of refinancing my ground floor flat in Spondon and the mortgage company that I am looking to switch to requires at least 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around sixety five years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
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    Lease Extensions in Spondon

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