Castleton Lease Extensions

Castleton Lease Extensions: Q and A’s

My name´s John. I’m house hunting in Castleton I'm seeing a three bed flat online, with nearly sixety five years outstanding, how much does it cost on average to get a lease extension by, say, ninety years?

I need to extend my current lease can you assist? I think it has 71 years unexpired

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?

In 2012 I purchased a leasehold apartment in Castleton. I have built a large extension and have not informed the freeholder. What are my options?

I am concerned that my niece might have had the wool pulled over her eyes. She put in an offer on a studio flat in Castleton, where the lease is nearly 67 years but she was informed by the estate agents that the owner had extended it to 125 years. She has now been advised the flat owner was holding off for her to retain lawyers prior to commencing with the lease extension. Seems unscrupulous, also it will take time to sort it all out. What do you think?

My leasehold 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. What does it cost on average to extend in this location by, say,fifty years

Coming up to 2 years that I have owned my ground floor flat in Castleton. I have seventy four years left on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?

I know that others in the same block had already had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?

I have 75 years remaining on my lease of a ground floor flat in Castleton, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

I was hoping you might be able to tell me the process of how to apply for a lease extension for my ground floor flat in Castleton

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