Stanwell Lease Extensions Example Support Desk Enquiries

  • I'm about to make an offer on a house in Stanwell but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Bank of Scotland giving us the mortgage now?
  • I own a maisonnette and the freehold reversion. The owners of the downstairs flat have asked to extend the lease what do I need to do?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Stanwell, and my lease will reach seventy nine years this May. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I am about to view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 68 years left on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • I am a FTB of a leasehold flat in Stanwell. The lease has only sixety years residual lease term and ground rent is £50. Is it possible for the owner to serve the Notice of Claim and then transfer this right to me as the purchaser on the day of completion so that I don't have to wait for the two 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 achievable but will it be very time consuming to the flat owner? To add to the complexity the landlord is absent, so I am not sure how does it work.
  • I am considering acquiring an auction property and came upon a one bed flat in Stanwell. It has just 48 year lease..the seller as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this other than the expensive fee to put a new lease on it and decreased chance of obtaining a mortgage with Accord Mortgages Ltd?
  • I am looking to extend the lease on my ground floor flat in Stanwell I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • Are you able to provide an estimate to extend my mum’s lease on a one bed flat in Stanwell. She already has a price from the landlord for a lease extension but I am far from certain if it is too expensive.
  • I have 55 years remaining on my lease of a ground floor flat in Stanwell, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I am currently negotiating a lease extension for my flat in Stanwell 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 Stanwell