Questions and Answers: Chapeltown Lease Extensions

  • I own a leasehold flat in the Chapeltown area and was enquiring if I could obtain a lease extension. What are your processes and fees. Has 65 years residual lease term
  • I own a garden flat located in Chapeltown with a leasehold unexpired of 61 years. I am wondering about what I will need to spend to extend my lease term
  • 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?
  • The terms for the lease on my apartment in Chapeltown are 95 years from 12 Dec 1990. Please provide me a quote to extend the lease if I give you more details please?
  • I am considering buying an auction property and found a one bed flat in Chapeltown. It has just 50 year lease..the seller being mortgagees in possession will not want to mess around with seeking a lease extension..what are the disadvantages of this other than the costly fee to put a new lease on it and reduced chance of getting a mortgage with Norwich and Peterborough Building Society?
  • I own a purpose-built flat based in a small block in Chapeltown. The leasehold interest in the apartment on a 99 year lease which commenced from 21st August 1969 with a set ground rent of £15 per annum. I would like to obtain a lease extension. Can I call someone to go through my options please?
  • I would like some help on leasehold property buying. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Chapeltown area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 66 years. I need a at my end. Can you advise please? I live near Chapeltown and have a mortgage with Clydesdale.
  • Just been over two years that I have been in my one bedroom apartment in Chapeltown. I have 75 years left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 445k. 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: Is there a benefit in getting a Chapeltown based or any will do fine?
  • We currently own a studio flat in Chapeltown and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has fivety five years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

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