Crowland Lease Extensions

Top Ten Questions relating to Crowland Lease Extensions

I am fairly sure that our has advised us incorrectly concerning a lease extension and I would like to know how to complain

I have an interest in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leasehold owners want a lease extension and I'm curious about the the process

I want to purchase a leasehold property and extend the lease. The seller has been there for four 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 ?

I own a garden flat in Crowland. The start date for the lease was in 1997 for 99 years. Now I am looking for a lease extension. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?

The intention is to sell our garden flat in Crowland but we may need to extend the lease, or possibly cover the costs of our buyers. Can you suggest a to handle this?

I am looking to either purchase the freehold or a lease extension of my property in Crowland and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Nottingham Building Society to free up equity. The adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease started in 1972 and since then the ground rent has increased from £38.00 per annum to £100 per annum.

I'm living at mum and dad but have a maisonette in Crowland let out which has a 64 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 Crowland 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 19k. Not sure sure whether to hold on or sell the flat?

My father is concerned about getting a lease extension from tricky freeholder. Even though the correct procedures were followed under the appropriate legislation, the freeholder still attempted to charge ground rent of £200 doubling every twenty years of the new lease. Can you assist?

We know that others in the same block previously had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on on the prices by others . This would save on double valuation charges. Would you recommend such a course of action?

I am currently negotiating a lease extension for my flat in Crowland 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?

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