Stonehouse Lease Extensions

Top Ten Questions relating to Stonehouse Lease Extensions

I just completed on a property in Stonehouse and it has nearly fivety nine years unexpired. I'd like to extend the lease period

I own a leasehold flat in the Stonehouse area and was enquiring if I could get a lease extension. What are your processes and charges. Has sixety two years remaining

I am looking into the costs of carrying out a lease extension for my one bedroom apartment in Stonehouse, and would like some figures on that.

In 2012 I purchased a leasehold apartment in Stonehouse. I have built a huge extension and have not informed my leaseholder. What should I do?

My (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?

Just been over two years that I have been in my one bedroom second floor purpose built flat in Stonehouse. I have fivety six years outstanding on the lease. I am now wanting to buy a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?

We have been in discussion with our freeholder after having a valuation on our garden flat in Stonehouse. We have a 73 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that he 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 have a freehold of a three bedroom flat in Stonehouse. The leaseholders have 73 years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?

Me and my OH are in the throws of buying a flat (a garden flat located inStonehouse with share of freehold). During our search, we were always looking at apartments that had at least 83 years left on the lease. We found a flat we fell in love with and the estate agent promised us that the lease term was not an issue. Today our advised us the lease only has seventy three years and thus needs a lease extension. Should we run away, or should we negotiate our offer?

I am currently in the process of remortgaging my studio flat in Stonehouse and the mortgage company that I am looking to move to needs at least 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around seventy eight years on the leasehold so looking for some help, guidance, and some quotes to get the wheels in motion for a lease extension

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