Lease Extensions in Carmel

Common questions relating to Carmel Lease Extensions

I’ve just acquired a garden flat inCarmel and I'm considering a lease extension as soon as practicable e.g. in two years

My name´s Joshua. I’m property hunting in Carmel I'm seeing a ground floor flat online, with just over seventy six years remaining, how much will it likely cost to extend in this location by, say, ninety years?

My partner has a flat located in Carmel which we have just put on the market. The leasehold has around fivety eight years balance left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Thank you.

I am looking to purchase a 2 bed flat in Carmel with a lease of 75 years but have no idea what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.

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 need to talk to you about a leasehold property in Carmel, I am considering bidding at auction next week. The flat has a short lease and I am curious about how much it would cost to get a lease extension and for your services.

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 years. What are my next steps?

I'm living at parents but have a two bedroom first floor purpose built flat in Carmel let out which has a 72 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Carmel for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?

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 doing it?

My wife and I are concerned about seeking a lease extension from a difficult landlord. Regardless of the fact that the legal procedures were adhered to under the appropriate legislation, the landlord still attempted to charge ground rent of £200 doubling every twenty years of the new term. Can you assist?

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