Sample questions relating to Carterton Lease Extensions

  • I am looking into the costs of carrying out a lease extension for my maisonette in Carterton, and would like some figures on that.
  • We invested in buying a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Carterton and are therefore considering the option of a vesting order. Is this something you can do for us?
  • I'm looking for a flat to buy in Carterton and I'm not really familiar with the leasehold concept. I've found a garden flat I like with a 82 years lease. My research reveals that I can apply for a lease extension having owned the property for a couple of years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
  • My mortgage provider requires a £500 fee for their for a "deed of substituted security" for the lease extension for my flat in Carterton... I am unable to find any reference of this in my mortgage booklet... is this a standard charge?
  • My OH and I had entered into buying a three bedroom second floor purpose built flat in Carterton. I was advised by the EA that the lease extension had already been completed while on a viewing (65 years outstanding prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The flat owner supposedly has a quote but no finances to extend as a result the vendor wants to exchange and use the 10% deposit to extend the lease. My question is why has this only just been brought to my attention by my ?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I initiate the process, is this correct?
  • 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 would like some help on purchasing a leasehold residence. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Carterton 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?
  • We have been in discussion with our freeholder after having a valuation on our maisonette in Carterton. We have a 66 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • We are in the throws of buying a flat (a ground floor flat inCarterton with share of freehold). Throughout our search, we were always looking at apartments that had a minimum eighty five years residual lease term. We identified a place we fell in love with and the estate agent promised us that the lease term was not an issue. Today our advised us the lease only has 54 years and thus requires a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

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