Sample questions relating to Castle Vale Lease Extensions

  • I acquired a property in Castle Vale and it has nearon 73 years outstanding. I'd like to extend the lease period
  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 899 years left so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any guidance would be much appreciated.
  • 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?
  • My brother has a share of freehold, with two other leaseholders in a building in Castle Vale. House split into three apartments. He has a lease, which has about 70 years unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am planning to extend the lease on my three bed flat in Castle Vale I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around sixety three years. I need a at my end. Can you advise please? I live near Castle Vale and have a mortgage with Alliance & Leicester .
  • My fiance and I are in the throws of buying a property (a studio flat inCastle Vale with share of freehold). Throughout our search, we were always looking at flats that had a minimum ninety years balance left. We found a place we liked and the estate agent promised us that the lease term was not an issue. Today our advised us the lease only has 71 years and thus needs a lease extension. Should we run away, or should 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?
  • I'm looking for some advice with regard to extending the lease on my maisonette. The plan is to do this sometime next year as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • We are worried about getting a lease extension from an objectionable landlord. Even though the legal procedures were followed under the 1993 Act, the freeholder still tried to get ground rent of £250 doubling every twenty years of the new term. Can you help?
  • My wife and I are aware that others in the same building previously had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Would you suggest such a course of action?

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