Questions and Answers: Studley Lease Extensions

  • My partner and I have just acquired a ground floor flat located inStudley and I'm considering a lease extension as soon as possible e.g. in 24 months of ownership
  • My partner has a flat based in Studley which we have just put on the market. The leasehold has around 64 years balance left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • I'm about to make an offer on a house in Studley but I'm concerned 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 TSB giving us the mortgage now?
  • I am a freeholder of a block of flats in Studley, and the lessees are in the process of being issued lease extensions. I should hopefully get funds next month. As I am not on self assessment do I contact the tax authorities ?
  • My wife and I have a first floor flat in Studley with sixety three years unexpired. Last year we were quoted a deal to receive a lease extension for another 25 years but also uplift the ground rent from nominal to £250 per year..plus a premium I think of about 9k. We have now decided to proceed but do we now have to renegotiate?
  • 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?
  • I am the freeholder of a 1930’s property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety three years. What are my next steps?
  • My brother and I would like to know the cost of a lease extension valuation for a property based in Studley. Is this something you can help us with?
  • I am planning on refinancing my ground floor flat in Studley and the new lender that I am looking to move to needs a minimum 80 years on the leasehold of my property in order for them to progress matters. We currently have around 57 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • Do you handle lease extensions on land? (a plot of land in Studley with 82yrs remaining)

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