East Cowes Lease Extensions

Common questions relating to East Cowes Lease Extensions

My partner has a flat in East Cowes which we have just put on the market. The leasehold has just under 62 years outstanding on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Many thanks.

I am looking to extend the lease on my garden flat in East Cowes which will have 75 years outstanding in June. What fees apply?

I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has 73 years outstanding

I am going to purchase a flat in East Cowes. The offer is conditional upon a lease extension. The flat owner’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 Alliance & Leicester . Moreover, which are the following lease extension steps to complete the purchase?

The intention is to sell our garden flat in East Cowes but we may need to extend the lease, or possibly cover the expense of our buyers. Are you able to recommend a to assist?

Hi I own the freehold title in a 2 bedroom flat in East Cowes. The leaseholder has a 79 year lease and would like to purchase further 125 years. He is offering me £27,000 but I am unsure if this is too low an offer

My husband and I are are hoping to complete on a garden flat in East Cowes which has share of freehold and a leasehold. The lease was on the short side so the vendor commenced dealing with a lease extension. The owner has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our to do a pre-completion search on the lease. The concern 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 have to be patient until the lease extension has actually been registered before completing.?

We currently own a ground floor flat in East Cowes and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy eight years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

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

I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in East Cowes

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