Questions and Answers: Margate Lease Extensions

  • Me and my OH are seeking a lease extension for our two bed flat located in Margate and we are confused by the letter that we received from our freehold company. Can you please help us with this situation?
  • My husband and I have just bought a ground floor flat based inMargate and I'm deliberating a lease extension as soon as I can e.g. after 24 months of ownership
  • I inherited a property in Margate and it has approximately 61 years remaining. I'd like to arrange a lease extension by twenty years
  • I'm planning to make an offer on a house in Margate but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Coventry Building Society giving us the mortgage now?
  • Hi. I need a to review my lease extension prior to it being formalised just to make sure there's nothing that I haven't seen - it's just a reissue with a few small changes.
  • I'm looking for an apartment to purchase in Margate and I'm not really familiar with the leasehold title. I've identified a ground floor flat I like with a 90 years lease. My research reveals that I can go for a lease extension after 2 years, but:- Should I anticipate any issue with my proposed mortgage lender Accord Mortgages Ltd?
  • I am a landlord of a block of flats in Margate, and the tenants are in the process of being granted lease extensions. I should hopefully get funds next week. Are there any tax implications, the property is in joint names with my husband ?
  • Coming up to two years that I have been in my ground floor flat in Margate. I have 63 years remaining on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Margate based or any will do fine?
  • Although I do not need a lease extension but I do need a vesting order on a property I want to purchase in Margate. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the rear garden.
  • We currently own a maisonette in Margate and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 68 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

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