FAQs concerning Coven Lease Extensions

  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 798 years left so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any guidance would be much appreciated.
  • Hi. I need someone to review my lease extension prior to it being formalised just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor changes.
  • I acquired a three bed flat in Coven. I am looking to extend lease on the property. It is nearon 80 years. I would just like to know what your charges are and how long the process takes.
  • I am thinking about purchasing an auction property and found a two bed flat in Coven. It only has a fifty-one year lease..the vendor being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and reduced chance of getting a mortgage with Accord Mortgages Ltd?
  • My wife and I have a leasehold flat in Coven with 71 years unexpired. Ten months ago we were quoted a deal to have a lease extension for a further 25 years but also uplift the ground rent from nominal to £200 per annum..plus a premium I think of about 14k. Finally we have decided to go ahead but do we now have to renegotiate?
  • We are considering buying a maisonette in Coven which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • I am seeking advice as I am interested in a property that has only a 76 year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?
  • I have 76 years remaining on my lease of a ground floor flat in Coven, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my ground floor flat in Coven
  • I have a lease of seventy nine years remaining on my flat in Coven. 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?

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