Questions and Answers: Stowmarket Lease Extensions

  • I agreed with the freeholder to a lease extension on our flat located in Stowmarket, 12.5k for a further 90yrs. How long is the process ?
  • My name´s Luca. I’m property hunting in Stowmarket I'm seeing a garden flat online, with nearon seventy one years unexpired lease, how much will it likely cost to get a lease extension by, say, fifty years?
  • I am looking to extend the lease on my garden flat in Stowmarket which will have 60 years outstanding in August. What fees are applicable?
  • I am about to put an offer in on a maisonette in Stowmarket with a lease of fivety six years but have no idea what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • Me and my wife are considering purchasing a maisonette in Stowmarket which is a leasehold. I am enquiring as to the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • We have owned a leasehold flat for approximately twenty years. There are 65 years unexpired lease on the lease. After a year of difficult negotiations through my conveyancing practitioners and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would welcome some independent thoughts.
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • My husband and I are buying a one bed flat in Stowmarket which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced dealing with a lease extension. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our property lawyers to do OS1 search on the property title. The concern here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we have to be patient until the lease extension has actually been registered before completing.?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my studio flat in Stowmarket
  • I have a lease of seventy nine years remaining on my flat in Stowmarket. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Stowmarket

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