Castle Donington Lease Extensions Example Support Desk Enquiries

  • My partner has an apartment located in Castle Donington which we have just put on the market. The leasehold has about sixety eight years residual lease term on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Many thanks.
  • I own a leasehold flat in the Castle Donington area and was enquiring whether I could obtain a lease extension. What are your processes and fees. There are 57 years residual lease term
  • I'm wanting 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 Platform Home Loans Ltd giving us the mortgage now?
  • I own a one bed flat in Castle Donington with a leasehold unexpired of 58 years. I am enquiring about what I will need to spend to extend my lease term
  • I plan on buying a flat based in Castle Donington. My offer is subject to the lease extension. The owner’s has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender The Mortgage Works. Moreover, which are the following lease extension steps to complete the purchase?
  • We have a residential flat in Castle Donington with fivety four years left. Last year we were quoted a deal to grant a lease extension for a further fifty years but also uplift the ground rent from notional to a little more..plus a premium I think of about 9k. Finally we have decided to proceed but do we now have to start the negotiations again?
  • I am the freeholder of a 1930’s property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety nine years. What are my next steps?
  • Just been over two years that I have been in my one bedroom apartment in Castle Donington. I have 59 years left on the lease. I am now wanting to buy a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 450k. 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?
  • Just a quick question, how much is the premium payable for a lease extension on a residential property in Castle Donington for a one bed flat - sec 42 having been issued?
  • I am currently negotiating a lease extension for my flat in Castle Donington 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 Castle Donington