Stanley Lease Extensions

Examples of recent questions relating to Lease Extensions in Stanley

Me and my wife have just completed on a garden flat based inStanley and I'm deliberating a lease extension as soon as I can e.g. after 24 months of ownership

I purchased a flat in Stanley with a leasehold unexpired nearly 73 years and need a lease extension. Please can you clarify the next stages

Hi, I am looking somewhere around or in Stanley 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?

My partner has a flat located in Stanley which we are about to put on the market. The leasehold has circa sixety four years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Many thanks.

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 looking into the costs of carrying out a lease extension for my one bed flat in Stanley, and would like some figures on that.

I have a share of the freehold. There are three flats in the building. All the leaseholders are now requiring lease extensions. Are you able to assist us with this situation?

If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?

My mother is concerned about obtaining a lease extension from an objectionable freeholder. Notwithstanding that the legal procedures were followed under the 1993 Act, the freeholder still tried to get ground rent of £200 doubling every twenty five years of the new term. Can you assist?

I am currently negotiating a lease extension for my flat in Stanley 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 Stanley