FAQs concerning Stocksfield Lease Extensions

  • I inherited a flat in Stocksfield with a leasehold unexpired nearly seventy nine years and need a lease extension. Please can you clarify the next stages
  • Hi, I stumbled across this site. I'm seeking prices on what it cost to extend a lease of a garden flat in Stocksfield. It's on the market at the moment but has around 66 years of unexpired leasehold
  • I am looking for a lease extension on the lease on my garden flat in Stocksfield which will have 75 years outstanding in June. What fees are applicable?
  • I am going to purchase a flat based in Stocksfield. The offer is conditional upon a lease extension. The flat owner’s has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Platform Home Loans Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • I am considering whether to purchase the freehold or a lease extension of my property in Stocksfield and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with Lloyds TSB Bank to free up equity. The broker handling the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease commenced in 1972 and since then the ground rent has been raised from £25.00 per annum to £100 per year.
  • I have a share of the freehold. There are five flats in the house. All the leaseholders are now looking for lease extensions. Are you able to help us with this situation?
  • We have been in discussion with our freeholder after having a valuation on our 2 bed flat in Stocksfield. We have a sixety five year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I own the freehold reversion of a property in Stocksfield and a leaseholder would like a lease extension. Her valuer has suggested a figure of £8,000, but has increased this by £2,000 without too much effort. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
  • My wife and I are concerned about seeking a lease extension from tricky landlord. Regardless of the fact that the correct procedures were adhered to under the 1993 Act, the freeholder still attempted to charge ground rent of £300 doubling every twenty five years of the new lease. Can you help?
  • I am planning on refinancing my one bedroom second floor purpose built maisonette in Stocksfield and the next lender that I am looking to move to needs at least 80 years remaining on the lease in order for them to progress matters. I have found that I currently have around 60 years on the leasehold so looking for some help, guidance, and some quotes to get the wheels in motion for a lease extension

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