Top Ten Questions relating to Boncath Lease Extensions

  • I’m thinking about a lease extension for our garden flat in Boncath and we are confused by the communication that we got from our landlord company. How long will it take?
  • I plan on buying a flat located in Boncath. My offer is subject to the lease extension. The owner’s lawyers has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
  • The terms for the lease on my flat in Boncath are 101 years from 10 Jan 1990. Can you supply me me a quote for a lease extension if I give you more details please?
  • My mortgage provider is requesting several hundred pounds for their property lawyers for a "deed of substituted security" for the lease extension for my flat in Boncath... I can find no reference of this in my mortgage literature... is this a normal charge?
  • Me and my wife are proceeding with a purchase of a one bed flat in Boncath. I was told that the lease had been lengthened (seventy six years outstanding prior to extension). The sales particulars said "sold with a long lease". It turns out as we are about to exchange of contracts we find that the lease has not been extended. The owner apparently has a quote but no money to extend and consequently the vendor wants to exchange and use the 10% deposit for the lease extension. My question is as the lease hasn't been extended is there not a danger that Chelsea Building Society won't lend on a lease?
  • My father has a share of freehold, with two other leaseholders in a building in Boncath. House split into three apartments. He has a lease, which has circa 78 years left. How much would it cost for a lease extension and how many years would he need to extend by?
  • I am the freeholder of a Edwardian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy eight years. What are my next steps?
  • Just been over 2 years that I have owned my one bedroom apartment in Boncath. I have fivety five years unexpired lease on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • It says on your website the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost including vat and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my garden flat in Boncath
  • I'm looking for some advice with regard to a lease extension on my one bed flat in Boncath. 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 property lawyers who specialises in lease extensions?
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    Lease Extensions in Boncath

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