Castleton Lease Extensions Example Support Desk Enquiries

  • We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 899 years balance left so a lease extension is not an issue. 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 true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any help would be much appreciated.
  • I'm looking for a flat to purchase in Castleton and I'm not really familiar with the leasehold arrangement. I've found a studio flat I like with a 87 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with the mortgage?
  • I am looking at bidding for an auction property and found a two bed flat in Castleton. It only has a 50 year lease..the seller being mortgagees in possession dont want to mess around with negotiating a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with Godiva Mortgages Ltd?
  • My flat in Castleton is up for sale and I have a hopefully firm offer. There is 82 years left on the lease and I want to extend the lease. How much does it cost on average to get a lease extension by, say,35 years
  • I have a share of the freehold. There are three flats in the building. All the leaseholders are now seeking lease extensions. Are you able to assist us with this situation?
  • I am looking for advice as I am interested in a property that has only a 59 year lease and therefore requires a lease extension. Can I call someone to go through my options please?
  • Coming up to two years that I have been in my garden flat in Castleton. I have fivety seven yrs outstanding on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 350K, 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?
  • My OH and I have been in discussion with our freeholder after having a valuation on our garden flat in Castleton. We have a sixety seven year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • We are purchasing a maisonette in Castleton which has share of freehold and a leasehold. The lease was on the short side so the seller commenced extending the lease. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we have to be patient until the new lease is registered?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my three bedroom second floor purpose built maisonette in Castleton

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