Recently asked questions relating to Upper Tean Lease Extensions

  • I invested in buying a property in Upper Tean and it has just over sixety years remaining. I'd like to arrange a lease extension by twenty years
  • I am the registered owner of a studio flat in Upper Tean with a leasehold unexpired of sixety six years. I am enquiring about how much I will need to spend to extend my lease term
  • I am looking into the costs of carrying out a lease extension for my GFF in Upper Tean, and would like some figures on that.
  • I inherited a studio flat in Upper Tean. I am looking to extend lease on the property. It is around 80 years. I would just like to know what your charges are and how long it would take for completion.
  • I'm looking for an apartment to buy in Upper Tean and I'm not really familiar with the leasehold title. I've found a garden flat I like with a 87 years lease. I've read that I can apply for a lease extension having owned the property for 2 years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
  • My mortgage lender is requesting several hundred pounds for their to approve the lease extension deed for my flat in Upper Tean... I can find no reference of this in my mortgage guide... is this a standard fee to pay?
  • I an interested in finding out more about leasehold property buying. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Upper Tean area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • My husband and I have owned a leasehold flat for about eighteen years. It now has 55 years unexpired lease on the lease. Following a year of protracted 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 welcome some independent thoughts.
  • If a leaseholder 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?
  • I own the freehold reversion of a property in Upper Tean where the leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to face?

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