Questions and Answers: Kingsdown Lease Extensions

  • I’ve just completed on a maisonette inKingsdown and I'm thinking about a lease extension as soon as I can e.g. after 24 months of ownership
  • Hi, I just randomly found your website. I'm seeking prices on what it cost to extend a lease of a garden flat based in Kingsdown. It's up for sale at the moment but has nearly 79 years of unexpired leasehold
  • I am looking for a lease extension on the lease on my garden flat in Kingsdown which will have fivety four years unexpired lease in August. What fees are applicable?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 70 years unexpired.
  • I am looking to purchase a one bedroom first floor purpose built maisonette in Kingsdown with a lease of 74 years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • 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 concerned that my daughter might have had the wool pulled over her eyes. She put in an offer on a garden flat in Kingsdown, where the lease is nearon 55 years but she was informed by the estate agents that the flat owner had extended it to 125 years. She has now been told the current owner was holding off for her to appoint lawyers ahead of instigating the lease extension. Seems odd to me, also it could take months to sort it all out. Am I reading too much into it?
  • My mortgage lender requires several hundred pounds for their solicitors for a "deed of substituted security" for the lease extension for my flat in Kingsdown... I am unable to find any mention of this in my mortgage guide... is this a normal fee to pay?
  • I am considering buying an auction property and identified a two bed flat in Kingsdown. It has just 50 year lease..the current owner being mortgagees in possession dont want the aggravation of seeking a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and decreased chance of getting a mortgage with Clydesdale?
  • I have a lease of sixety seven years remaining on my flat in Kingsdown. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Kingsdown

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