Craven Arms Lease Extensions: Q and A’s

  • Do you only handle lease extensions in Craven Arms? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a .
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • My neighbours and I are in a block consisting of four flats in Craven Arms and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Last year I purchased a leasehold flat in Craven Arms. I have built a large extension and have not informed my leaseholder. What are my options?
  • I'm living at mum and dad but have a studio flat in Craven Arms let out which has a sixety one year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Craven Arms for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • Coming up to 2 years that I have been in my studio flat in Craven Arms. I have fivety eight years left on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • I do not need a lease extension but I do need a vesting order on a property I want to buy in Craven Arms. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the rear garden.
  • We have been in discussion with our freeholder after having a valuation on our three bed flat in Craven Arms. We have a sixety three 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 the lease extension.
  • I own the freehold reversion of a property in Craven Arms where the leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to face?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my two bedroom ground floor purpose built flat in Craven Arms

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