Recently asked questions relating to Kingsthorpe Lease Extensions

  • We agreed with the freeholder for a lease extension on our flat based in Kingsthorpe, 11k for a further 90yrs. What's your solicitors fee ?
  • I have an interest in the freehold of buildings comprising of 8 flats each. 2 of the leaseholders want a lease extension and I'm curious about the the process
  • I am considering investing in a second home but it has a lease that expires in twenty years. Its in Kingsthorpe - I wanted to see if with your services this could be extended?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 928 years residual lease term so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any advice would be much appreciated.
  • I am looking to purchase a ground floor flat in Kingsthorpe with a lease of fivety six years but have no idea how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I purchased a ground floor flat in Kingsthorpe. I am looking to extend lease on the property. It is approaching eighty one years. I would just like to know what your charges are and how long it would take for completion.
  • I'm looking for an apartment to buy in Kingsthorpe and I'm not really familiar with the leasehold arrangement. I've identified a maisonette I like with a 90 years lease. I've read that I can go for a lease extension after a couple of years, but:- Is this a given?
  • I am looking for advice as I am interested in a property that has only a 79 year lease and therefore requires a lease extension. Is it possible for me to call someone to go through my options please?
  • I'm living with my parents but have a three bed flat in Kingsthorpe let out which has a 57 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 Kingsthorpe 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?
  • I am currently negotiating a lease extension for my flat in Kingsthorpe as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
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    Lease Extensions in Kingsthorpe

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