Lease Extensions in Clare

FAQs concerning Clare Lease Extensions

I’ve just purchased a garden flat located inClare and I'm thinking about a lease extension as soon as possible e.g. in 24 months of ownership

I have got a leasehold flat in the Clare area and was curious whether I could obtain a lease extension. What are your processes and charges. Has 59 years unexpired

I have contacted my freeholder for a lease extension for my flat in Clare. Her has been in contact with charges etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started May 1990.

I am looking into the costs of carrying out a lease extension for my one bed flat in Clare, and would like some figures on that.

We bought a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Clare and are therefore deliberating the option of a vesting order. Is this something you can help us with?

I am about to view a two bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 56 years residual lease term on the lease. It is also a repossession so I'm guessing that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?

I am considering bidding for an auction property and found a one bed flat in Clare. It only has a fifty-one year lease..the vendor as mortgagees in possession dont want to mess around with applying for a lease extension..what are the disadvantages of this other than the expensive fee to extend the lease and decreased chance of obtaining a mortgage with Bank of Ireland?

My son has a share of freehold, with two other leaseholders in a building in Clare. House converted into three flats. He has a lease, which has just under sixety eight yrs left. 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?

If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?

We know that others in the same block previously had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?

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