Lease Extensions in Kingswood

Frequently asked questions relating to Kingswood Lease Extensions

I have a lease of fivety four years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

I am looking to purchase a one bedroom first floor purpose built flat in Kingswood with a lease of 61 years but have no idea what it will cost me to renew so I can put in an offer given to future cost of a lease extension.

I am considering whether to purchase the freehold or a lease extension of my property in Kingswood and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously refinance with Lloyds TSB Bank to free up equity. The adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease started in 1979 and since then the ground rent has increased from £38.00 per year to £100 per year.

Are you able to advise on the likely financials and the best way to start the lease extension process? I have around sixety two years left and I own a one bedroom ground floor purpose built flat in Kingswood.

My mortgage provider is requesting several hundred pounds for their to approve the lease extension deed for my flat in Kingswood... I can find no mention of this in my mortgage booklet... is this a normal cost that they charge?

Me and my wife are considering purchasing a garden flat in Kingswood which is a leasehold. I am enquiring as to the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from having a lease extension?

We have owned a leasehold flat for about fifteen years. It now has 59 years outstanding on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would welcome advice.

My OH and I are purchasing a one bedroom apartment in Kingswood which has share of freehold and a leasehold. The lease was starting to get low so the seller is in the process of extending the lease. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we must hold on pending registration of the new lease?

My wife and I are aware that others in the same block previously had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?

I have a lease of 65 years remaining on my flat in Kingswood. 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?

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