Questions and Answers: Coalville Lease Extensions

  • I need to extend my current lease can you assist? I think it has seventy years outstanding
  • 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 looking into the costs of carrying out a lease extension for my ground floor flat in Coalville, and would like some figures on that.
  • I am looking for advice as I am interested in a property that has only a sixety three year lease and therefore requires a lease extension. Can I talk with someone to go through my options please?
  • I an interested in finding out more about purchasing a leasehold residence. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Coalville area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let 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 74 years. I need a at my end. Can you advise please? I live near Coalville and have a mortgage with Lloyds TSB Bank.
  • I am the freeholder of a Georgian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 62 years. What are my next steps?
  • I'm living at mum and dad but have a three bed flat in Coalville let out which has a seventy two 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 Coalville 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 21k. Not sure sure whether to hold on or sell the flat?
  • Me and my wife are purchasing a garden flat in Coalville which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork to HMLR. An essential part of the house buying 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 has not been issued. Is it correct that we have to hold on until the lease extension has actually been registered before completing.?
  • Do you handle lease extensions on land? (a plot of land in Coalville with 82yrs remaining)

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