Recently asked questions relating to St Andrews Lease Extensions

  • I inherited a flat in St Andrews with a leasehold unexpired around 70 years and need to extend it. Please can you advise me of the next stages
  • Hi, I stumbled upon your website. I'm looking for prices on what it cost to extend a lease of a studio flat based in St Andrews. It's up for sale at the moment but has around 68 years outstanding on the lease
  • Hello, I am looking somewhere around or in St Andrews 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I'm wanting to make an offer on a house in St Andrews 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 Platform Home Loans Ltd giving us the mortgage now?
  • I bought a studio flat in St Andrews. The lease commenced in 1991 for 99 years. Now I am wanting to extend the lease. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • I plan on buying a flat based in St Andrews. My offer is conditional upon a lease extension. The seller’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 Clydesdale. Moreover, which are the following lease extension steps to complete the purchase?
  • I am a FTB of a leasehold flat in St Andrews. The lease has just 71 years unexpired and ground rent is £50. Is it possible for the homeowner to serve the Initial Notice and then transfer this right to me as the buyer on the day of completion so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the owner? Unfortunately it’s the case of an missing freeholder, so I am not sure how this will play out.
  • I am looking to extend the lease on my studio flat in St Andrews I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living at mother and father but have a one bedroom first floor purpose built maisonette in St Andrews let out which has a 65 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 St Andrews 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 13k. Not sure sure whether to hold on or sell the flat?
  • I own the freehold reversion of a property in St Andrews and a leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My valuer has recommended a much higher amount. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?

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