FAQs concerning Castle Donington Lease Extensions

  • Do you only undertake lease extensions in Castle Donington? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a conveyancing practitioners.
  • I am looking to buy a one bedroom second floor purpose built maisonette in Castle Donington with a lease of 54 years but have no idea how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I'm deliberating over purchasing a 2 bed flat (leasehold) but the landlord has been absent for approximately 15yrs. I wonder whether it will be cheaper to try to acquire the reversionary title or to get a lease extension and apply for right to manage?
  • My neighbours and I are in a building of three flats in Castle Donington and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am looking at acquiring an auction property and found a studio flat in Castle Donington. It only has a 50 year lease..the vendor as mortgagees in possession dont want the aggravation of seeking a lease extension..what are the disadvantages of this except for the costly fee to put a new lease on it and decreased chance of getting a mortgage with Nottingham Building Society?
  • Regarding a leasehold in Castle Donington. upper maisonette. fivety eight yrs unexpired. I have an agreed lease extension to £12,000 for 125yrs. Landlord also insisted on Initial Notice which I think should not be required. Advice required.
  • We are looking to extend our lease having owned the apartment for 2 years as of 1st Feb 2016. It has just under 75 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as is reasonably achievable.
  • I am the freeholder of a 1930’s property split into two flats. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety five years. What are my next steps?
  • I'm living at mother and father but have a maisonette in Castle Donington let out which has a 63 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 Castle Donington 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. Not sure sure whether to hold on or sell the flat?
  • I am concerned about getting a lease extension from an objectionable freeholder. Even though the correct procedures were followed under the 1993 Act, the freeholder still attempted to get ground rent of £300 increasing by 100% every twenty years of the new term. Can you help?
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    Lease Extensions in Castle Donington

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