Questions and Answers: Higher Kinnerton Lease Extensions

  • 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?
  • I am looking into the costs of carrying out a lease extension for my first floor flat in Higher Kinnerton, and would like some figures on that.
  • We acquired a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Higher Kinnerton and looking to do a vesting order. Is this something you can handle for us?
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Higher Kinnerton and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Virgin Money to free up equity. My broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease commenced in 1991 and since then the ground rent has been raised from £38.00 per annum to £125 per annum.
  • Me and my sister are considering purchasing a garden flat in Higher Kinnerton which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • I am looking to extend the lease on my maisonette in Higher Kinnerton I am looking for help to verify the premium. I have a price from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • If a leaseholder owns a flat with a lease of less than 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?
  • Are you able to provide an estimate to extend my mum’s lease on a ground floor flat in Higher Kinnerton. She recently got a price from the freeholder for a lease extension but I am far from certain if it is reasonable.
  • I am planning on refinancing my garden flat in Higher Kinnerton and the new lender that I am looking to move to requires a minimum 85 years on the leasehold of my property in order for them to progress matters. We currently have around 68 years on the leasehold so require some advice, guidance, and some quotes to set the wheels in motion for a lease extension
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my ground floor flat in Higher Kinnerton

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