Carmel Lease Extensions

Common questions relating to Carmel Lease Extensions

I acquired a flat in Carmel with a leasehold unexpired nearly 59 years and need a lease extension. Please can you clarify the next stages

I'm intending to make an offer on a house in Carmel but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Skipton Building Society giving us the mortgage now?

I have been in touch with my freeholder for a lease extension for my flat in Carmel. Her has been in contact concerning fees etc. I need a quote for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started May 1985.

I wondered if you could help me on how much it would charges and the best way to get a lease extension started? I have roughly seventy three years left and I own a three bed flat in Carmel.

My mortgage lender is requesting several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Carmel... I am unable to find any mention of this in my mortgage contract... is this a normal fee to pay?

I am thinking about purchasing an auction property and found a studio flat in Carmel. It has just fifty year lease..the current owner as mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this other than the huge fee to put a new lease on it and decreased chance of getting a mortgage with Lloyds TSB Bank?

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?

I am the freeholder of a 1930’s property split into two flats. 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 fivety eight years. What are my next steps?

I have a leasehold property in Carmel with 67 years left on the lease. I need a to act for me to get a lease extension. Can you help?

I am currently negotiating a lease extension for my flat in Carmel as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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