FAQs concerning Stretton Lease Extensions

  • I am looking for a lease extension on the lease on my one bedroom first floor purpose built flat in Stretton which will have seventy five years remaining in June. What fees are applicable?
  • I need to extend my current lease can you assist? I think it has 79 years remaining
  • I'm intending to make an offer on a house in Stretton 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 Clydesdale giving us the mortgage now?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • Possibly made a mistake, I am seeking a conveyancers in Stretton who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
  • The terms for the lease on my flat in Stretton are 101 years from 10 Feb 1988. Please provide me a quote to extend the lease if I give you more information please?
  • I have my suspicions that my niece might be having the wool pulled over her eyes. She put in an offer on a ground floor flat in Stretton, where the lease is roughly 67 years but she was informed by the estate agents that the current owner had extended it to 125 years. She has now been advised the current owner was holding off for her to retain conveyancers before commencing with the lease extension. Seems underhand, also it will take months to sort it all out. Am I reading too much into it?
  • My partner and I had entered into buying a garden flat in Stretton. I was assured that the lease had been extended (64 years left prior to extension). The description on the listing stated "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The flat owner apparently has a quote but no money to extend as a result the seller wishes to exchange and use the 10% deposit to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • We have owned a leasehold flat for about twenty years. There are 70 years left 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 now have to make a decision as to whether to accept it or go to a Tribunal and would welcome some independent thoughts.
  • Just been over 2 years that I have been in my one bedroom apartment in Stretton. I have fivety six years outstanding on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Stretton based solicitors or any will do fine?
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    Lease Extensions in Stretton

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