Frequently asked questions relating to Cowes Lease Extensions

  • I’m about to offer on a one bedroom apartment to purchase in the Cowes area and was after more information on how much would it cost to extend a lease? It has seventy four years remaining...
  • Hello, I am looking somewhere around or in Cowes 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • I have a lease of 66 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I am about to put an offer in on a garden flat in Cowes with a lease of seventy three years but have no idea how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I bought a ground floor flat in Cowes. The start date for the lease was in 1997 for 99 years. Now I am wanting for a lease extension. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 59 years. I need a at my end. Can you advise please? I live near Cowes and have a mortgage with Bank of Ireland.
  • Me and my fiance have been in discussion with our freeholder after having a valuation on our studio flat in Cowes. We have a 57 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • My partner and I are buying a ground floor flat in Cowes which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced extending the lease. The seller 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 pre-completion search on the lease. The concern 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 lease title number has not been issued. Is it right that we must be patient until the new lease is registered?
  • My and my fiance know that others in the same block previously had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?
  • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Cowes