Common questions relating to Crawcrook Lease Extensions

  • I’m just looking for a one bedroom apartment to purchase in the Crawcrook area and was interested in finding out what the likely fees would be for a lease extension? It has 54 years outstanding...
  • I bought a property in Crawcrook and it has approximately 64 years residual lease term. I'd like to extend the lease period
  • I want to acquire a leasehold property and extend the lease. The seller has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • We are the registered owners of a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Crawcrook and are therefore considering the option of a vesting order. Is this something you can help us with?
  • I am thinking about 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 plan to simultaneously refinance with The Mortgage Works to release of equity. My broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease began in 1972 and since then the ground rent has been raised from £25.00 per annum to £125 per year.
  • I'm looking for an apartment to buy in Crawcrook and I'm not really familiar with the leasehold concept. I've identified a maisonette I like with a 82 years lease. My research reveals that I can get a lease extension having owned the property for a couple of years, but:- Is this a given?
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around sixety four years. I need a conveyancers at my end. Can you advise please? I live near Crawcrook and have a mortgage with Coventry Building Society.
  • I require an estimate to extend my mum’s lease on a one bedroom apartment in Crawcrook. She already has a price from the freeholder for a lease extension but I am far from certain if it is too high.
  • I have sixety seven years remaining on my lease of a ground floor flat in Crawcrook, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I am currently negotiating a lease extension for my flat in Crawcrook as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
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    Lease Extensions in Crawcrook

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