FAQs concerning Swadlincote Lease Extensions

  • I’m about to offer on a three bedroom second floor purpose built maisonette to buy in the Swadlincote area and was curious what the likely fees would be for a lease extension? It has fivety six years as a balance left...
  • I bought a property in Swadlincote and it has roughly 65 years residual lease term. I'd like to arrange a lease extension by twenty years
  • I am looking for a in Swadlincote and they should be on the Bank of Scotland approved conveyancers panel as we need a lease extension and refinance at the same time. Can you recommend a ?
  • The intention is to sell our garden flat in Swadlincote but we may need to extend the lease, or possibly cover the costs of our purchaser. Can you recommend someone to assist?
  • I am looking to either purchase the freehold or a lease extension of my property in Swadlincote and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Barnsley Building Society to release of equity. The broker handling the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease started in 1979 and since then the ground rent has increased from £15.00 per year to £300 per annum.
  • I will soon view a two bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has sixety nine years residual lease term on the lease. It is also a repo so I'm assuming that the bank will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • My husband has a share of freehold, with two other leaseholders in a building in Swadlincote. House divided into three apartments. He has a lease, which has nearon 67 yrs remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • We have owned a leasehold flat for about fifteen years. There are seventy six years remaining on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
  • My OH and I are are hoping to complete on a one bed flat in Swadlincote which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of dealing with a lease extension. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do a "priority search" on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we have to be patient until the lease extension has actually been registered before completing.?
  • I'm seeking some help with regard to extending the lease on my flat. I'll be looking to do this in nine months time as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?

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