Common questions relating to Langstone Lease Extensions

  • My fiance and I have just bought a 2 bed apartment inLangstone and I'm thinking about extending the lease as soon as I can e.g. in 24 months of ownership
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has seventy two years residual lease term.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • The intention is to sell our three bedroom second floor purpose built flat in Langstone but we may need to extend the lease, or possibly cover the costs of our purchaser. Are you able to help me find someone to undertake the legal formalities?
  • My mortgage provider is requesting several hundred pounds for their to agree a lease extension for my flat in Langstone... I can find no mention of this in my mortgage contract... is this a usual cost that they charge?
  • I am hoping to extend the lease on my garden flat in Langstone I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • We would like to know the cost of a lease extension valuation for a property based in Langstone. Would you be able to help?
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the total cost excluding vat and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my two bedroom second floor purpose built maisonette in Langstone
  • Me and my sister are acquiring a garden flat in Langstone which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of extending the lease. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do OS1 search on the property title. The concern 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 property title number has not been issued. Is it right that we have to hold on until the lease extension has actually been registered before completing.?
  • I have a lease of 75 years remaining on my flat in Langstone. 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?

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