Top Ten Questions relating to Kingswood Lease Extensions

  • I’ve just purchased a garden flat based inKingswood and I'm considering a lease extension as soon as practicable e.g. in 24 months of ownership
  • I own a property in Kingswood and it has nearly fivety seven years remaining. I'd like to extend the lease period
  • I am looking to buy a garden flat in Kingswood with a lease of 60 years but unsure 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 am going to purchase a flat based in Kingswood. The offer is subject to the lease extension. The vendor’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Clydesdale. Moreover, which are the following lease extension steps to complete the purchase?
  • I am concerned that my niece might have had the wool pulled over her eyes. She put in an offer on a garden flat in Kingswood, where the lease is about seventy four years but she was advised by the selling agents that the flat owner had extended it to 125 years. She has now been advised the vendor was holding off for her to instruct conveyancers before commencing with the lease extension. Seems odd to me, also it may take time to sort it all out. What do you think?
  • If somebody 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 doing it?
  • It says on your website the likely fee for dealing with a lease extension is £495. Is that the total cost excluding vat and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my maisonette in Kingswood
  • My partner and I are in the throws of buying a flat (a one bedroom apartment inKingswood with share of freehold). During our search, we were always looking at flats that had a minimum eighty five years left. We identified a place we liked and the selling agent promised us that the lease term was not an issue. Yesterday our informed us the lease only has 58 years and therefore requires a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I'm seeking some advice concerning extending the lease on my apartment. The plan is to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Do I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • I'm looking for some advice with regard to a lease extension on my studio flat in Kingswood. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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