Top Ten Questions relating to Cubitt Town Lease Extensions

  • I want to acquire a leasehold property and lease extension. The homeowner 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 acquired a garden flat located in Cubitt Town with a leasehold unexpired of fivety seven years. I am curious about what it will cost me to extend my lease
  • 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?
  • The intention is to sell our garden flat in Cubitt Town but we may need to extend the lease, or at least cover the costs of our purchaser. Can you suggest someone to handle this?
  • I am about to view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 69 years outstanding on the lease. It is also a repossession so I'm guessing that the lender will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • What will it cost me and what is the best way to start the lease extension process? I have nearon fivety five years remaining on my lease on a maisonette in Cubitt Town. I have called the managing agents who represent the head landlord and they provided me with the number of the surveyor. I left a phone message for the valuer but I am not receiving any returned calls.
  • My partner and I have a ground floor flat in Cubitt Town with sixety one years to run. Ten months ago we were quoted a deal to receive a lease extension for another fifty years but also increase ground rent from notional to £200 per annum..plus a premium I think of approximately 10k. We have now decided to move forward but do we now have to start the negotiations again?
  • I have a share of the freehold. There are three apartments in the block. All the leaseholders are now looking for lease extensions. What are the timescales to grant a lease extension?
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 72 years. I need a lawyers at my end. Can you advise please? I live near Cubitt Town and have a mortgage with Norwich and Peterborough Building Society.
  • I'm living at mother and father but have a garden flat in Cubitt Town let out which has a seventy three 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 Cubitt Town 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?
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    Lease Extensions in Cubitt Town

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