Top Ten Questions relating to Stamford Lease Extensions

  • I inherited a three bedroom second floor purpose built maisonette in Stamford that I am finding difficult to sell as a result of the lease needing a lease extension. How long will it take ?
  • I'm intending to make an offer on a house in Stamford 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 TSB giving us the mortgage now?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 61 years balance left.
  • I am going to purchase a flat located in Stamford. The offer is subject to the lease extension. The homeowner’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 Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We hope to sell our maisonette in Stamford but we may need to extend the lease, or possibly cover the expense of our purchaser. Are you able to suggest a to assist?
  • We inherited a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Stamford and looking to do a vesting order. Is this something you can help us with?
  • I'm looking for an apartment to purchase in Stamford and I'm not really familiar with the leasehold title. I've identified a three bedroom first floor purpose built flat I like with a 90 years lease. I've read that I can apply for a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with the mortgage?
  • My OH and I are proceeding with a purchase of a ground floor flat in Stamford. I was advised by the EA that the lease extension had already been completed while on a viewing (59 years unexpired lease prior to extension). The sales particulars stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The seller apparently has a quote but no finances to extend and consequently the current owner wishes to exchange and use the deposit monies for the lease extension. My question is why has this only just been brought to my attention by my ?
  • I am the freeholder of a Victorian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety six years. What are my next steps?
  • I am currently in the process of remortgaging my ground floor flat in Stamford 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 discovered that I currently have around seventy seven years on the leasehold so looking for some help, guidance, and some quotes to set the wheels in motion for a lease extension

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