Top Ten Questions relating to Upper Tean Lease Extensions

  • 20,000 agreed with the landlord’s agents, just seeking to find a Upper Tean for a lease extension. Our lease has slightly less 66 yrsoutstanding. Are you able to help us with this situation ?
  • I have just bought a garden flat inUpper Tean and I'm deliberating a lease extension as soon as possible e.g. in 24 months of ownership
  • I want to acquire a leasehold property and lease extension. The seller 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 own a garden flat in Upper Tean. I am looking for a lease extension on the property. It is nearly eighty one years. I would just like to know what your charges are and how long it would take for completion.
  • Me and my husband are considering buying a one bedroom apartment in Upper Tean which is a leasehold. I am wondering what are the advantages and disadvantages of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I commence the process, is this correct?
  • I am looking to extend the lease on my one bedroom apartment in Upper Tean I am looking for help to verify 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.
  • My wife and I are in the throws of buying a property (a maisonette inUpper Tean with share of freehold). During our search, we were always looking at properties that had a minimum 83 years unexpired. We came across a place we fell in love with and the selling agent promised us that the lease term was not an issue. Today our told us the lease only has seventy five years and thus needs a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am planning on remortgaging my garden flat in Upper Tean and the next lender that I am looking to switch to requires at least 85 years remaining on the lease in order for them to progress matters. I have discovered that I currently have around sixety two years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Upper Tean 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?

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