Top Ten Questions relating to Stretton Lease Extensions

  • I acquired a property in Stretton and it has around 67 years balance left. I'd like to arrange a lease extension by twenty years
  • I own a maisonnette and the freehold reversion. My upstairs neighbours have asked to extend the lease what do I need to do?
  • I have my suspicions that my daughter is being hoodwinked. She submitted an offer on a two bedroom second floor purpose built flat in Stretton, where the lease is about 76 years but she was informed by the selling agents that the current owner had extended it to 125 years. Only now has she been advised the owner was waiting for her to retain solicitors before commencing with the lease extension. Seems unscrupulous, also it will take time to sort it all out. What do you think?
  • My mortgage lender requires a £500 fee for their to approve the lease extension deed for my flat in Stretton... I can find no mention of this in my mortgage guide... is this a usual fee to pay?
  • I am a freeholder of a block of flats in Stretton, and the tenants are in the process of being issued lease extensions. I anticipate receiving funds next week. Are there any tax implications, the property is in joint names with my husband ?
  • I am considering purchasing an auction property and came upon a two bed flat in Stretton. It has just 49 year lease..the current owner being mortgagees in possession dont want to mess around with seeking a lease extension..what are the disadvantages of this other than the expensive fee to put a new lease on it and reduced chance of getting a mortgage with Barclays Direct?
  • I'm intent on acquiring a flat in Stretton valued at £256,000 the flat has approximately 62 years remaining on the lease. I put in an offer subject to a lease extension... .. that was back in November, hoping I'd have completed by Christmas. They have just informed me they are willing to reduce the price by£8k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • Me and my partner are hoping to acquire a property (a maisonette inStretton with share of freehold). During our search, we were always looking at flats that had a minimum 83 years unexpired. We came across a apartment we liked and the selling agent assured that the lease term was not an issue. Today our informed us the lease only has 54 years and therefore requires a lease extension. Should we walk away, or do we reduce our offer?
  • I have sixety five years remaining on my lease of a ground floor flat in Stretton, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • We have a garden flat in Stretton with a lease of 69 years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?

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