FAQs concerning Temple Fortune Lease Extensions

  • I am the registered owner of a property in Temple Fortune and it has nearly 56 years residual lease term. I'd like to arrange a lease extension by twenty years
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has 54 years balance left
  • I'm wanting to make an offer on a house in Temple Fortune 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 Godiva Mortgages Ltd giving us the mortgage now?
  • I am considering whether to purchase the freehold or a lease extension of my property in Temple Fortune and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a refinance with Aldermore to free up equity. The adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease commenced in 1991 and since then the ground rent has increased from £38.00 per year to £125 per annum.
  • I'm living at mum and dad but have a ground floor flat in Temple Fortune let out which has a seventy six 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 Temple Fortune 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 19k. Should I keep or sell the flat?
  • I'm looking at buying a flat in Temple Fortune valued at £195,000 the flat has something like 69 years left on the lease. I put in an offer subject to the lease being extended... .. that was back in August, hoping I'd have completed before Christmas. They have just informed the agent they'll knock £5k off if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • My wife and I are worried about seeking a lease extension from an objectionable freeholder. Notwithstanding that the correct procedures were adhered to under the appropriate legislation, the freeholder still tried to get ground rent of £250 increasing by 100% every twenty years of the new term. Can you assist?
  • I am currently negotiating a lease extension for my flat in Temple Fortune 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my studio flat in Temple Fortune
  • I'm looking for some advice with regard to a lease extension on my maisonette in Temple Fortune. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Can you recommend a good who specialises in lease extensions?

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