Crawcrook Lease Extensions Example Support Desk Enquiries

  • 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?
  • I plan on buying a flat in Crawcrook. The offer is conditional upon a lease extension. The vendor’s has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Halifax. Moreover, which are the following lease extension steps to complete the purchase?
  • The terms for the lease on my flat in Crawcrook are 95 years from 15 Jan 1989. Please supply me me a quote for a lease extension if I give you more details please?
  • I am considering whether to purchase the freehold or a lease extension of my property in Crawcrook and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Britannia to free up equity. My broker handling the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease started in 1972 and since then the ground rent has been raised from £15.00 per year to £125 per year.
  • My brother has a share of freehold, with two other leaseholders in a building in Crawcrook. House divided into three apartments. He has a lease, which has around sixety three years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I'm living at mum and dad but have a studio flat in Crawcrook let out which has a 56 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 Crawcrook 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. Should I keep or sell the flat?
  • We are acquiring a three bedroom first floor purpose built maisonette in Crawcrook which has share of freehold and a leasehold. The lease was on the short side so the owner is in the process of 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. An essential part of the conveyancing process is for our to do a "priority search" on the lease. The problem 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 property title number has not been issued. Is it correct that we must be patient until the lease extension has actually been registered before completing.?
  • My wife and I are aware that others in the same block had already had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on previous prices . This would save on double valuation fees. Would you suggest this course of action?
  • Are you able to provide an estimate to extend my mother’s lease on a maisonette in Crawcrook. She already has a price from the freeholder for a lease extension but I am far from certain if it is reasonable.
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bed flat in Crawcrook

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