Common questions relating to East Cowes Lease Extensions

  • I’m just looking for a ground floor flat to buy in the East Cowes area and was interested in finding out how much would it cost to extend a lease? It has 75 years unexpired...
  • I have an interest in the freehold of 2 blocks of flats comprising of six flats each. Two of the leaseholders want to extend their leases and I'm enquiring about the the process
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has seventy three years unexpired
  • I'm intending to make an offer on a house in East Cowes but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Nottingham Building Society giving us the mortgage now?
  • I am deliberating whether to purchase the freehold or a lease extension of my property in East Cowes 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 Godiva Mortgages Ltd to release of equity. My adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease commenced in 1972 and since then the ground rent has been raised from £15.00 per annum to £200 per year.
  • What will it cost me and what is the best way to get a lease extension started? I have about 60 years remaining on my lease on a garden flat in East Cowes. I have emailed the agent who act on behalf of the freeholder and they provided me with the number for the surveyor. I have contacted the valuer but I am not receiving any calls back.
  • I am concerned that my daughter might have had the wool pulled over her eyes. She put in an offer on a 2 bed flat in East Cowes, where the lease is nearon 77 years but she was advised by the selling agents that the vendor had extended it to 99 years. Only now has she been advised the homeowner was waiting for her to instruct solicitors prior to commencing with the lease extension. Seems underhand, also it could take a while to sort it all out. Am I being too sceptical?
  • I an interested in finding out more about purchasing a leasehold residence. We plan to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in East Cowes area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • My nephew has a share of freehold, with two other leaseholders in a building in East Cowes. House divided into three flats. He has a lease, which has just under 63 years left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am planning to extend the lease on my two bedroom second floor purpose built maisonette in East Cowes I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.

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