Top Ten Questions relating to Coniston Lease Extensions

  • I own a leasehold flat in the Coniston area and was curious whether I could get a lease extension. What are your processes and fees. Has 73 years left
  • I am looking for a in Coniston and they should be on the The Mortgage Works approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend any please ?
  • The terms for the lease on my flat in Coniston are 95 years from 15 Sep 1990. Can you supply me me a quote to extend the lease if I give you more details please?
  • I am a first time buyer of a leasehold flat in Coniston. The lease has just 69 years unexpired and ground rent is £95. Is it possible for the vendor to serve the Section 42 Notice and then transfer this right to me as the buyer on the day of completion so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the current owner? Unfortunately it’s the case of an missing landlord, so I am not sure how this will play out.
  • Ref a property in Coniston. GFF maisonette. 79 yrs remaining. I have negotiated a lease extension price of £20k for 125yrs. Freeholder also insisted on Section 42 Notice which I think should not be necessary. Advice required.
  • If somebody 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 extending the lease?
  • I'm looking at acquiring an apartment in Coniston at a price of £195,000 the flat has approximately fivety four years unexpired on the lease. My offer was subject to the lease being renewed... .. that was back in August, hoping I'd have completed before Christmas. They have just come back saying they'll knock £4k off if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • My wife and I are acquiring a ground floor flat in Coniston which has share of freehold and a leasehold. The lease was on the short side so the owner is in the process of extending the lease. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our to do a "priority 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 must be patient pending registration of the new lease?
  • I own the freehold to two flats. Someone has the lease on the lower flat in Coniston. I live in the upper flat. I was looking at the land registry documents yesterday when I noticed that my flat is leasehold. There is 70 years left on the lease. Is it possible to do a lease extension without instructing a ?
  • I am currently negotiating a lease extension for my flat in Coniston as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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