Clifton Village Lease Extensions: Q and A’s

  • 20,000 agreed with the freeholder, just seeking to find a Clifton Village conveyancers for a lease extension. Our lease has nearon 64 yrsunexpired lease. What's your legal fee ?
  • My wife has a flat located in Clifton Village which we are about to put on the market. The leasehold has around 77 years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Thank you.
  • I want to buy a leasehold property and lease extension. The homeowner has been there over two years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • 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?
  • I am going to purchase a flat based in Clifton Village. The offer is subject to the lease extension. The owner’s conveyancing practitioners has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Lloyds TSB Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • My mortgage lender requires a £500 fee for their lawyers to agree a lease extension for my flat in Clifton Village... I am unable to find any mention of this in my mortgage contract... is this a normal cost that they charge?
  • I own a purpose-built flat in a large development in Clifton Village. The leasehold interest in the flat on a ninety five year lease which commenced from 30th October 1970 with a non-reviewable ground rent of £15 per annum. I would like to obtain a lease extension. Can I call someone to discuss my options please?
  • I am the freeholder of a 1930’s property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 64 years. What are my next steps?
  • I'm living at parents but have a studio flat in Clifton Village let out which has a fivety six year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Clifton Village for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
  • I have a lease of 75 years remaining on my flat in Clifton Village. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Clifton Village

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