Sample questions relating to Bishops Castle Lease Extensions

  • I have a lease of 79 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Bishops Castle, and my lease will reach 56 years this December. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I am considering whether to purchase the freehold or a lease extension of my property in Bishops Castle 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 Godiva Mortgages Ltd to free up 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 £100 per annum.
  • I'm looking for an apartment to buy in Bishops Castle and I'm not really familiar with the leasehold tenure. I've identified a garden flat I like with a 90 years lease. I've read that I can apply for a lease extension after a couple of years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • 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 extending the lease?
  • We have been in discussion with our freeholder after having a valuation on our one bedroom first floor purpose built maisonette in Bishops Castle. We have a 54 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure 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 to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Bishops Castle for a three bed flat - sec 42 is already served?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the ground flat in Bishops Castle. I occupy in the upper flat. I was looking at the title deeds recently when I noticed that my flat is leasehold. There is 64 years balance left. If I want a lease extension then would I just be paying for the fees?
  • I have a lease of 70 years remaining on my flat in Bishops Castle. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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