Lease Extensions in Folkestone

Sample questions relating to Folkestone Lease Extensions

I’m about to offer on a ground floor flat to buy in the Folkestone area and was enquiring what the likely fees would be for a lease extension? It has 65 years left...

I think our has advised us incorrectly concerning a lease extension and I would like to find out how to complain

I am looking for a in Folkestone and they need to be on the Leeds Building Society approved conveyancers panel as we need a lease extension and remortgage simultaneously. Are you able to recommend a ?

I would like to have my residential flat leasehold extension premium assessed. The flat is in Folkestone, and my lease will reach seventy four years this May. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?

I am a first time buyer of a leasehold flat in Folkestone. The lease has just 76 years remaining and ground rent is £95. Is it possible for the flat owner to serve the Section 42 Notice and then transfer 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 costly to the homeowner? To add to the complexity the landlord is absent, so I am not sure how does it work.

My mortgage provider requires several hundred pounds for their to approve the lease extension deed for my flat in Folkestone... I can find no reference of this in my mortgage literature... is this a normal fee to pay?

I am considering bidding for an auction property and found a studio flat in Folkestone. It has just 49 year lease..the current owner being mortgagees in possession will not want to mess around with seeking a lease extension..what are the drawbacks of this other than the costly fee to extend the lease and reduced chance of obtaining a mortgage with Santander?

My OH and I are proceeding with a purchase of a studio flat in Folkestone. I was told that the lease had been lengthened (fivety seven years left prior to extension). The description on the listing said "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The seller supposedly has a quote but no funds to extend as a result the flat owner intends to exchange and use the deposit monies for the lease extension. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?

If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?

I know that others in the same block had already had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?

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