FAQs concerning Capel St Mary Lease Extensions

  • We agreed with the head landlord to a lease extension on our flat based in Capel St Mary, 15.5k for another 90yrs. How long will it take ?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am looking to either purchase the freehold or a lease extension of my property in Capel St Mary and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with National Westminster Bank to release of equity. The broker handling the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease started in 1991 and since then the ground rent has been raised from £25.00 per year to £200 per annum.
  • How much will I need to spend and what is the best way to get a lease extension started? I have approximately seventy seven years remaining on my lease on a maisonette in Capel St Mary. I have emailed the managing agents who act on behalf of the head landlord and they provided me with the number for the surveyor. I left a phone message for the surveyor but I am not receiving any returned calls.
  • I am thinking about buying an auction property and came upon a studio flat in Capel St Mary. It only has a 50 year lease..the current owner being mortgagees in possession dont want the aggravation of seeking a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and decreased chance of getting a mortgage with Coventry Building Society?
  • I intend to buy a one bed flat in Capel St Mary for asking price of 125k, which has seventy four years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Capel St Mary for a one bed flat - sec 42 having been issued?
  • My son is worried about seeking a lease extension from an objectionable landlord. Even though the correct procedures were adhered to under the 1993 Act, the landlord still tried to charge ground rent of £200 doubling every twenty years of the new term. Can you help?
  • Do you handle lease extensions on land? (a plot of land in Capel St Mary with 82yrs remaining)
  • I have a lease of sixety seven years remaining on my flat in Capel St Mary. 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 Capel St Mary