Recently asked questions relating to Cross Hands Lease Extensions

  • My wife has a flat based in Cross Hands which we have just put on the market. The leasehold has approximately 67 years left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Thank you.
  • I am considering investing in a second home but it has a lease that expires in fifteen years. Its in Cross Hands - I wanted to see if with your services it is possible for this to be extended?
  • Hi. I need a to have a look at my lease extension before it's formalised just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor amendments.
  • 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 am looking to either purchase the freehold or a lease extension of my property in Cross Hands and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with Coventry Building Society to release of equity. My broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease started in 1981 and since then the ground rent has been raised from £38.00 per year to £100 per annum.
  • I am a FTB of a leasehold flat in Cross Hands. The lease has just seventy seven years remaining and ground rent is £95. Is it possible for the flat owner to serve the Notice of Claim and then assign over the right to me as the buyer on the day of completion so that I can avoid waiting for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the owner? Unfortunately the landlord can not be found, so I am not sure how does it work.
  • I am the owner of a purpose-built apartment located in a small development in Cross Hands. The leasehold interest in the apartment on a ninety five year lease started on 1 March 1980 with a non-reviewable ground rent of £10 per annum. I would like to obtain a lease extension. Can I talk with someone to discuss my options please?
  • I am the freeholder of a 1930’s property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety eight years. What are my next steps?
  • I am currently negotiating a lease extension for my flat in Cross Hands 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?
  • Do you handle lease extensions on land? (a plot of land in Cross Hands with 82yrs remaining)

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