Common questions relating to Stamfordham Lease Extensions

  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am about to view a one bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 61 years balance left on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am a FTB of a leasehold flat in Stamfordham. The lease has just 75 years outstanding and ground rent is £75. Is it possible for the current owner to serve the Notice of Claim and then assign 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 is legal but will it be very time consuming to the vendor? To add to the complexity the freeholder can not be found, so I am not sure how does it work.
  • We have a leasehold flat in Stamfordham with seventy four years unexpired. Ten months ago we were quoted a deal to grant a lease extension for a further thirty years but also uplift the ground rent from notional to £300 per year..plus a premium I think of about 10k. We have now decided to move forward but do we now have to renegotiate?
  • I own a share of the freehold. There are five apartments in the house. All the leaseholders are now seeking lease extensions. How long will take to get a lease extension?
  • We are looking to extend our lease having owned the flat for 2 years as of 1st Jan 2016. It has about 60 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • I am hoping to extend the lease on my one bedroom apartment in Stamfordham 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 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 76 years. I need a at my end. Can you advise please? I live near Stamfordham and have a mortgage with Barclays Direct.
  • I'm hoping for some advice with regard to a lease extension on my apartment. I'll be looking to do this next winter as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. You are able to recommend a good with expertise in lease extensions. Ideally someone in Stamfordham area?
  • Do you handle lease extensions on land? (a plot of land in Stamfordham with 82yrs remaining)

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