Lease Extensions in Carmel

Frequently asked questions relating to Carmel Lease Extensions

I want to acquire a leasehold property and lease extension. The flat owner has been there over two years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 899 years outstanding so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any feedback would be much appreciated.

I am the registered owner of a one bedroom apartment in Carmel with a leasehold unexpired of seventy seven years. I am enquiring about what it will cost me to extend my lease

I'm planning on buying a studio flat (leasehold) but the freeholder has been missing for about 15yrs. I wonder whether it will be cheaper to try to buy the reversionary title or to get a lease extension and apply for RTM?

I am looking into the costs of carrying out a lease extension for my two bedroom second floor purpose built flat in Carmel, and would like some figures on that.

I am considering whether to purchase the freehold or a lease extension of my property in Carmel and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Birmingham Midshires to release of equity. The broker handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease commenced in 1972 and since then the ground rent has been raised from £25.00 per annum to £125 per annum.

I an interested in finding out more about purchasing a leasehold residence. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Carmel area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?

I am the freeholder of a Edwardian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 73 years. What are my next steps?

Just been over 2 years that I have been in my maisonette in Carmel. I have seventy years remaining on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?

Hello I am the freeholder interest in a one bedroom flat in Carmel. The leaseholder has a 57 year lease and would like to purchase further 90 years. He is offering me £18,000 but I am not sure if this is too low an offer

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