Top Ten Questions relating to Stallingborough Lease Extensions

  • I need to negotiate a lease extension for a flat in Stallingborough and want to use a local . Are you able to help me find a ?
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 899 years left so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any suggestions would be much appreciated.
  • I plan on buying a flat located in Stallingborough. My offer is subject to the lease extension. The current owner’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 Halifax. Moreover, which are the following lease extension steps to complete the purchase?
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 72 years. I need a at my end. Can you advise please? I live near Stallingborough and have a mortgage with Nationwide Building Society.
  • Me and my partner would like to know the cost of a lease extension valuation for a property based in Stallingborough. Would you be able to help?
  • I'm living with my mother and father but have a garden flat in Stallingborough let out which has a seventy two 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 Stallingborough 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 21k. Should I keep or sell the flat?
  • I own the freehold of a one bedroom flat in Stallingborough. The leaseholders have 57 years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • My wife and I are aware that others in the same building had already had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Would you recommend such a course of action?
  • I have fivety seven years remaining on my lease of a ground floor flat in Stallingborough, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I am currently negotiating a lease extension for my flat in Stallingborough 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 Stallingborough