Stretton Lease Extensions

Top Ten Questions relating to Stretton Lease Extensions

I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 65 years unexpired.

Hello. I need someone to review my lease extension before it's signed just to ensure there's nothing that I haven't seen - it's just a reissue with a few small changes.

We are in a building consisting of three flats in Stretton and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

Ref a residence in Stretton. lower maisonette. sixety two yrs unexpired. I have negotiated a lease extension price of £20k for 135yrs. Freeholder also requested Section 42 Notice which I think is a tad over the top. Can you assist.

I own a share of the freehold. There are five apartments in the building. All the leaseholders are now seeking lease extensions. Are you willing to help us with this situation?

We are looking to extend our lease having owned the property for 2 years as of 22nd Jan 2015. It has around sixety seven years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as is reasonably achievable.

I am the freeholder of a Victorian property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy nine years. What are my next steps?

If a leaseholder 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 doing it?

We are concerned about seeking a lease extension from a difficult freeholder. Even though the correct procedures were followed under the 1993 Act, the freeholder still tried to get ground rent of £250 doubling every twenty years of the new lease. Can you help?

I am currently negotiating a lease extension for my flat in Stretton 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?

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