Questions and Answers: Coven Lease Extensions

  • Hello, I am looking somewhere around or in Coven 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • My partner has an apartment in Coven which we have just put on the market. The leasehold has roughly sixety three years unexpired on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.
  • I inherited a property in Coven and it has roughly 57 years outstanding. I'd like to extend the lease period
  • I am looking for a lease extension on the lease on my one bedroom apartment in Coven which will have 55 years left in August. What fees are applicable?
  • I am looking for a solicitors in Coven and they should be on the National Westminster Bank approved conveyancers panel as we need a lease extension and refinance at the same time. Can you recommend a lawyers ?
  • I acquired a ground floor flat in Coven. The start date for the lease was in 1992 for 99 years. Now I am looking to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • I am looking at acquiring an auction property and found a studio flat in Coven. It only has a 48 year lease..the current owner as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this other than the expensive fee to put a new lease on it and reduced chance of getting a mortgage with Leeds Building Society?
  • 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 are acquiring a two bedroom ground floor purpose built maisonette in Coven 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 which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our conveyancers to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our lawyers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we must hold on pending registration of the new lease?
  • I am currently negotiating a lease extension for my flat in Coven 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?
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    Lease Extensions in Coven

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