Recently asked 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?
  • Possibly made an error, I am searching for a conveyancers in Stamfordham who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
  • I'm looking for a flat to buy in Stamfordham and I'm not really familiar with the leasehold tenure. I've found a garden flat I like with a 82 years lease. I've read that I can go for a lease extension after 2 years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
  • I am looking at bidding for an auction property and identified a studio flat in Stamfordham. It only has a 48 year lease..the seller as mortgagees in possession will not want the aggravation of seeking a lease extension..what are the disadvantages of this other than the costly fee to put a new lease on it and reduced chance of obtaining a mortgage with Lloyds TSB Bank?
  • I own a share of the freehold. There are five apartments in the block. All the leaseholders are now seeking lease extensions. What's your legal fee?
  • My conveyancing practitioners (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My nephew has a share of freehold, with two other leaseholders in a building in Stamfordham. House split into three flats. He has a lease, which has approximately 74 years unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • Coming up to 2 years that I have owned my one bedroom ground floor purpose built flat in Stamfordham. I have sixety one years 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 445k. I understand that 90 years is the period most people extend. I spoke to my solicitors 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?
  • I have a lease of seventy three years remaining on my flat in Stamfordham. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
  • I'm looking for some advice with regard to a lease extension on my one bedroom second floor purpose built flat in Stamfordham. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Can you recommend a good conveyancing practitioners who specialises in lease extensions?
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    Lease Extensions in Stamfordham

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