Castle Vale Lease Extensions Example Support Desk Enquiries

  • I am looking to extend the lease on my studio flat in Castle Vale which will have 76 years unexpired lease in September. What fees are applicable?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has fivety six years outstanding.
  • I am looking for a in Castle Vale and they should be on the Santander approved conveyancers panel as we need a lease extension and refinance at the same time. Can you recommend any please ?
  • I'm considering buying a ground floor flat (leasehold) but the freeholder has been absent for circa 15yrs. My question is would it be less expensive to try to purchase the freehold or to extend lease and apply for right to manage?
  • I will soon view a one bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has seventy six years outstanding on the lease. It is also a repossession so I'm assuming that the bank will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • I am considering bidding for an auction property and came upon a one bed flat in Castle Vale. It has just 41 year lease..the seller being mortgagees in possession dont want the aggravation of seeking a lease extension..what are the drawbacks of this other than the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with The Mortgage Works?
  • We would like to extend our lease having owned the apartment for two years as of 21st March 2016. It has nearly sixety nine years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • I'm intent on buying a flat in Castle Vale at a price of £210,000 the flat has approaching 57 years remaining on the lease. I put in an offer subject to a lease extension... .. that was back in November, hoping I'd have moved in before Christmas. They have just come back saying they'll knock £3k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • I have 54 years remaining on my lease of a ground floor flat in Castle Vale, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I am currently negotiating a lease extension for my flat in Castle Vale 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 Vale