Common questions relating to Stanstead Abbotts Lease Extensions

  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 928 years outstanding so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any suggestions would be much appreciated.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Stanstead Abbotts, and my lease will reach seventy one years this May. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • We are in a block comprising five flats in Stanstead Abbotts 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?
  • The terms for the lease on my apartment in Stanstead Abbotts are 95 years from 14 Dec 1980. Please give me a quote to extend the lease if I give you more details please?
  • I am looking into the costs of carrying out a lease extension for my first floor flat in Stanstead Abbotts, and would like some figures on that.
  • I am about to view a one bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has seventy six years outstanding on the lease. It is also a repo so I'm assuming 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 freeholder of a block of flats in Stanstead Abbotts, and the lessees are in the process of being given lease extensions. I anticipate receiving funds next week. As I am not on self assessment do I write to the tax authorities ?
  • I am looking to buy a one bed flat in Stanstead Abbotts for asking price of 125k, which has 64 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I own the freehold of a one bedroom flat in Stanstead Abbotts. The leaseholders have sixety eight years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • My and my partner are concerned about obtaining a lease extension from an objectionable landlord. Even though the legal procedures were followed under the appropriate legislation, the landlord still attempted to get ground rent of £250 increasing by 100% every twenty years of the new term. Can you assist?
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    Lease Extensions in Stanstead Abbotts

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