FAQs concerning Cowfold Lease Extensions

  • I'm about to make an offer on a house in Cowfold but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Norwich and Peterborough Building Society giving us the mortgage now?
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Cowfold and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Barclays Direct to free up equity. My adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease began in 1981 and since then the ground rent has increased from £25.00 per annum to £125 per annum.
  • I have a leasehold flat in Cowfold. I have built a big extension and have not informed my freeholder. What should I do?
  • I am about to view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has sixety four years residual lease term on the lease. It is also a repossession so I'm guessing that the lender will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • We had entered into buying a garden flat in Cowfold. I was informed that the lease had been extended (77 years left prior to extension). The sales particulars stated "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The vendor apparently has a quote but no money to extend as a result the homeowner wants to exchange and use the my deposit to extend the lease. My question is is it not odd that my didn't pick this up far earlier than just before exchange?
  • My son has a share of freehold, with two other leaseholders in a building in Cowfold. House converted into three apartments. He has a lease, which has just over 73 years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around fivety five years. I need a at my end. Can you advise please? I live near Cowfold and have a mortgage with Santander.
  • I am in need of some help with a lease extension. I live in Belfast but the flat in question is based in Cowfold. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I own the freehold of a 2 bedroom flat in Cowfold. The leaseholders have seventy eight years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Cowfold

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