FAQs concerning St Werburghs Lease Extensions

  • I inherited a property in St Werburghs and it has around 66 years unexpired. I'd like to extend the lease period
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has seventy years residual lease term.
  • I have contacted my freeholder for a lease extension for my flat in St Werburghs. Her has been in contact concerning costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started July 1993.
  • I am going to purchase a flat located in St Werburghs. My offer is conditional upon a lease extension. The seller’s has given to the freeholder the Notice of Claim. 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 Platform Home Loans Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • I am a FTB of a leasehold flat in St Werburghs. The lease has just fivety seven years balance left and ground rent is £50. Is it possible for the seller to serve the Notice of Claim and then transfer this right to me as the purchaser once I complete the buying process so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the homeowner? To add to the complexity the freeholder can not be found, so I am not sure how does it work.
  • Re a property in St Werburghs. lower maisonette. 62 yrs remaining. I have negotiated a lease extension price of £20k for 125yrs. Landlord also insisted on Notice of Claim which I think should not be required. Advice required.
  • I am in need of some help with a lease extension. I live in Edinburgh but the property in question is based in St Werburghs. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Just been over two years that I have been in my three bedroom second floor purpose built maisonette in St Werburghs. I have 54 yrs remaining on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 425k. 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 in the throws of buying a flat (a garden flat based inSt Werburghs with share of freehold). During our search, we were always looking at apartments that had at least 83 years left. We came across a place we liked and the estate agent promised us that the lease was long albeit not specifying a number. Yesterday our informed us the lease only has fivety nine years and thus needs a lease extension. Do we run away, or should we negotiate our offer?
  • I am currently in the process of refinancing my garden flat in St Werburghs and the bank that I am looking to move to needs a minimum 85 years on the leasehold of my property in order for them to take the mortgage forward. I have discovered that I currently have around 70 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process

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