Top Ten Questions relating to Castle Donington Lease Extensions

  • My name´s Benjamin. I’m house hunting in Castle Donington I'm seeing a ground floor flat online, with around 57 years outstanding, how much does it cost on average to get a lease extension by, say, thirty years?
  • I’m just looking for a 2 bed flat to purchase in the Castle Donington area and was after more information on how much would it cost for a lease extension? It has sixety seven years left...
  • Hi, I just randomly found this website. I'm looking for prices on what it cost to extend a lease of a garden flat based in Castle Donington. It's up for sale at the moment but has nearly seventy five years left on the lease
  • I'm planning to make an offer on a house in Castle Donington 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 Lloyds TSB Bank giving us the mortgage now?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Castle Donington, and my lease will reach sixety eight years this August. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • Me and my sister had entered into buying a one bedroom first floor purpose built maisonette in Castle Donington. I was told that the lease had been extended (sixety two years unexpired lease 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 the lease has not been extended. The flat owner apparently has a quote but no money to extend and consequently the flat owner intends to exchange and use the my deposit for the lease extension. My question is how is possible that the estate agent got it so wrong?
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I intend to buy a one bed flat in Castle Donington for asking price of 156k, which has 54 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 the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • 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 have seventy eight years remaining on my lease of a ground floor flat in Castle Donington, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

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