Recently asked questions relating to Stanstead Abbotts Lease Extensions

  • Hi, I stumbled upon your site. I'm seeking prices on what it cost to extend a lease of a three bed apartment located in Stanstead Abbotts. It's up for sale at the moment but has nearon 73 years of unexpired leasehold
  • 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 to either purchase the freehold or a lease extension of my property in Stanstead Abbotts and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Bank of Scotland to release of equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease began in 1979 and since then the ground rent has been raised from £25.00 per year to £100 per annum.
  • I have a leasehold flat in Stanstead Abbotts. I have built a big extension and have not informed the leaseholder. What are my options?
  • I am a first time buyer of a leasehold flat in Stanstead Abbotts. The lease has just sixety one years remaining and ground rent is £75. Is it possible for the vendor to serve the Section 42 Notice and then assign over the right to me as the purchaser once I complete the buying process so that I can avoid waiting for the 2 year qualifying 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 costly to the seller? To add to the complexity the freeholder is absent, so I am not sure how does it work.
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around fivety seven years. I need a at my end. Can you advise please? I live near Stanstead Abbotts and have a mortgage with Barnsley Building Society.
  • I am the freeholder of a Georgian property split into two flats. 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 sixety six years. What are my next steps?
  • I'm living at mother and father but have a maisonette in Stanstead Abbotts let out which has a 70 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Stanstead Abbotts for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • I do not need a lease extension but I do require a vesting order on a property I want to acquire in Stanstead Abbotts. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the garden area.
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Stanstead Abbotts

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Stanstead Abbotts