Questions and Answers: Thrapston Lease Extensions

  • We agreed with the freeholder for a lease extension on our flat based in Thrapston, 15.5k for another 90yrs. What's your legal fee ?
  • I'm planning to make an offer on a house in Thrapston 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 Bank of Scotland giving us the mortgage now?
  • I want to purchase a leasehold property and lease extension. The homeowner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I purchased a garden flat in Thrapston. The lease started in 1991 for 99 years. Now I am wanting to extend the lease. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
  • We are in a block consisting of four flats in Thrapston and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am planning to extend the lease on my ground floor flat in Thrapston I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • We have been in discussion with our freeholder after having a valuation on our studio flat in Thrapston. We have a 75 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she 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 solicitors to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • My wife and I are are hoping to complete on a studio flat in Thrapston which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of dealing with a lease extension. The seller has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our lawyers to do a pre-completion search on the lease. The problem here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we have to wait until the new lease is registered?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Thrapston
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    Lease Extensions in Thrapston

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