Frequently asked questions relating to Stamford Lease Extensions

  • I’m just looking for a garden flat to buy in the Stamford area and was enquiring what the likely fees would be for a lease extension? It has 68 years unexpired...
  • I bought a property in Stamford and it has just over 65 years outstanding. I'd like to extend the lease period
  • I'm about to make an offer on a house in Stamford but I'm a little worried 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 Barnsley Building Society giving us the mortgage now?
  • I am the owner of a maisonnette together with the freehold. My upstairs neighbours have asked for a lease extension what do I need to do?
  • My co-lessees and I are in a building containing three flats in Stamford and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am looking to either purchase the freehold or a lease extension of my property in Stamford and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously refinance with Bank of Scotland to free up equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease commenced in 1991 and since then the ground rent has increased from £38.00 per year to £125 per year.
  • I am a FTB of a leasehold flat in Stamford. The lease has just seventy five years balance left and ground rent is £25. Is it possible for the current owner to serve the Initial Notice and then assign this right to me as the buyer once I complete the buying process 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 is achievable but will it be very time consuming to the flat owner? Unfortunately it’s the case of an missing landlord, so I am not sure how does it work.
  • I am a freeholder of a block of flats in Stamford, and the tenants are in the process of being granted lease extensions. I anticipate receiving the money next month. As I am not on self assessment do I get in touch with the tax authorities ?
  • Just a quick one, how much does it cost for a lease extension on a residential property in Stamford for a one bed flat - sec 42 having been issued?
  • Do you handle lease extensions on land? (a plot of land in Stamford with 82yrs remaining)
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    Lease Extensions in Stamford

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