Recently asked questions relating to Stanstead Abbotts Lease Extensions

  • I’m about to offer on a garden flat to buy in the Stanstead Abbotts area and was curious how much would it cost to extend a lease? It has 70 years as a balance left...
  • I am interested in getting a lease extension for a flat in Stanstead Abbotts and want to use a local property lawyers. Is there a solicitors that you can recommend?
  • I want to buy a leasehold property and lease extension. The seller has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • 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 £4k to extend the lease. I will be doing a get a new mortgage with Santander to release of equity. My adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease began in 1981 and since then the ground rent has been raised from £25.00 per annum to £300 per annum.
  • I am a first time buyer of a leasehold flat in Stanstead Abbotts. The lease has only 65 years left and ground rent is £75. Is it possible for the flat owner to serve the Notice of Claim and then transfer over the right to me as the buyer once I complete the buying process so that I don't have to wait for the 2 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.
  • I am concerned that my daughter might have had the wool pulled over her eyes. She submitted an offer on a garden flat in Stanstead Abbotts, where the lease is just under 61 years but she was advised by the selling agents that the seller had extended it to 125 years. She has now been informed the current owner was holding off for her to instruct solicitors before commencing with the lease extension. Sounds odd to me, also it may take time to sort it all out. Am I reading too much into it?
  • I am a landlord of a block of flats in Stanstead Abbotts, and the leaseholders are in the process of being given lease extensions. I should hopefully get funds next month. As I am not on self assessment do I get in touch with the Inland Revenue ?
  • Offer accepted on a a studio flat in Stanstead Abbotts, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer in writing through the post which states the lease as 85 years.We are about to exchange contracts within a week. My question is why has this only just been brought to my attention by my lawyers?
  • My property lawyers (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?
  • I am planning on remortgaging my ground floor flat in Stanstead Abbotts and the mortgage company that I am looking to switch to needs a minimum 80 years remaining on the lease in order for them to progress matters. We currently have around 57 years on the leasehold so require some advice, guidance, and some quotes to set the wheels in motion for a lease extension
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    Lease Extensions in Stanstead Abbotts

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