Lease Extensions in Studley

Common questions relating to Studley Lease Extensions

I have got a leasehold flat in the Studley area and was curious if I could get a lease extension. What are your processes and charges. There are 59 years residual lease term

I am about to put an offer in on a garden flat in Studley with a lease of seventy one years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.

I'm thinking of buying a one bedroom first floor purpose built flat (leasehold) but the landlord has been missing for around 15yrs. My question is would it be cheaper to try to purchase the reversionary title or to get a lease extension and apply for right to manage?

In 2012 I purchased a leasehold apartment in Studley. I have built a large extension and have not informed my freeholder. What are my options?

I'm looking for a flat to buy in Studley and I'm not really familiar with the leasehold concept. I've identified a place I like with a 91 years lease. I've read that I can get a lease extension after 2 years, but:- Is this a given?

My mortgage lender requires several hundred pounds for their to approve the lease extension deed for my flat in Studley... I am unable to find any mention of this in my mortgage contract... is this a normal charge?

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'm living at mother and father but have a three bed flat in Studley let out which has a seventy eight year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Studley for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?

We have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Studley. We have a sixety three year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

Just a quick one, how much is the premium payable for a lease extension on a residential property in Studley for a three bed flat - section 42 having been issued?

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