Lease Extensions in Kingsthorpe

Frequently asked questions relating to Kingsthorpe Lease Extensions

I have shares in the freehold of buildings comprising of six flats each. Two of the leasehold owners want a lease extension and I'm curious about the the process

My partner has an apartment located in Kingsthorpe which we are about to put on the market. The leasehold has roughly 61 years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Many thanks.

I own a leasehold flat in the Kingsthorpe area and was curious whether I could obtain a lease extension. What are your processes and charges. Has 66 years unexpired

I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has seventy six years balance left.

I purchased a garden flat in Kingsthorpe. I am looking to extend lease on the property. It is around eighty years. I would just like to know what your charges are and how long the process takes.

I am considering whether to purchase the freehold or a lease extension of my property in Kingsthorpe 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 Bank of Ireland to free up equity. The broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease commenced in 1981 and since then the ground rent has been raised from £38.00 per year to £200 per year.

I am about to view a one bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 76 years left on the lease. It is also a repossession so I'm guessing that the bank will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?

I am a first time buyer of a leasehold flat in Kingsthorpe. The lease has just sixety seven years outstanding and ground rent is £50. Is it possible for the flat owner to serve the Notice of Claim and then transfer over the right to me as the purchaser once I complete the buying process so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the owner? Unfortunately it’s the case of an absent landlord, so I am not sure how this will play out.

I am the freeholder of a 1930’s property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy two years. What are my next steps?

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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