Recently asked questions relating to Kingstanding Lease Extensions

  • I agreed with the freeholder to a lease extension on our flat based in Kingstanding, 6.5k for an extension by 90yrs. What's your solicitors fee ?
  • My name´s Jude. I’m flat hunting in Kingstanding I'm considering offering on a maisonette online, with roughly 59 years left, how much does it cost on average to extend in this area by, say, ninety years?
  • I have a lease of 57 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I have been in touch with my freeholder to extend my lease for my flat in Kingstanding. Her has been in contact concerning costs etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started November 1987.
  • Think I may have made a mistake, I am seeking a in Kingstanding who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
  • My mortgage lender requires several hundred pounds for their to approve the lease extension deed for my flat in Kingstanding... I am unable to find any mention of this in my mortgage guide... is this a standard fee to pay?
  • I'm living at parents but have a garden flat in Kingstanding let out which has a seventy year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Kingstanding for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?
  • Just been over two years that I have owned my one bedroom apartment in Kingstanding. I have 61 years left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • 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 doing it?
  • My brother and I are hoping to buy a home (a three bed flat based inKingstanding with share of freehold). Throughout our search, we were always looking at apartments that had a minimum 84 years left. We identified a place we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Today our informed us the lease only has fivety four years and therefore needs a lease extension. Do we walk away, or should we negotiate our offer?

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