Top Ten Questions relating to Craven Arms Lease Extensions

  • I have just purchased a garden flat based inCraven Arms and I'm thinking about a lease extension as soon as practicable e.g. in two years
  • We hope to sell our two bedroom ground floor purpose built maisonette in Craven Arms but we may need a lease extension, or at least cover the expense of our buyers. Can you help me find a to undertake the legal formalities?
  • I am looking into the costs of carrying out a lease extension for my three bedroom second floor purpose built maisonette in Craven Arms, and would like some figures on that.
  • I have my suspicions that my daughter is being hoodwinked. She put in an offer on a two bedroom ground floor purpose built flat in Craven Arms, where the lease is around fivety eight years but she was told by the estate agents that the homeowner had extended it to 125 years. She has now been advised the seller was waiting for her to appoint solicitors before commencing with the lease extension. Sounds underhand, also it may take a while to sort it all out. Am I reading too much into it?
  • I am looking at bidding for an auction property and found a studio flat in Craven Arms. It only has a 50 year lease..the current owner as mortgagees in possession dont want the aggravation of seeking a lease extension..what are the disadvantages of this except for the costly fee to put a new lease on it and reduced chance of obtaining a mortgage with Skipton Building Society?
  • I am in need of a lease extension for my flat in Craven Arms and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I own a purpose-built flat based in a small block in Craven Arms. The leasehold interest in the flat on a 99 year lease which commenced on 11th October 1980 with a set yearly rent of 20. I wish to obtain a lease extension. Is it possible for me to call someone to discuss my options please?
  • My husband and I have owned a leasehold flat for approximately eighteen years. It now has 61 years left on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would welcome advice.
  • Coming up to 2 years that I have been in my ground floor flat in Craven Arms. I have 77 yrs outstanding on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 425k. 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: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
  • We currently own a two bedroom ground floor purpose built maisonette in Craven Arms and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has fivety four years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

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