FAQs concerning Polegate Lease Extensions

  • I have just bought a two bedroom second floor purpose built maisonette inPolegate and I'm thinking about extending the lease as soon as I can e.g. after two years
  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm curious about the the process
  • I am looking to buy a one bedroom apartment in Polegate with a lease of 76 years but have no idea how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • 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?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Polegate, and my lease will reach seventy three years this November. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I am going to purchase a flat based in Polegate. The offer is conditional upon a lease extension. The seller’s has given to the freeholder the Notice of Claim. 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 Accord Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • I am looking into the costs of carrying out a lease extension for my GFF in Polegate, and would like some figures on that.
  • I am looking at buying an auction property and found a two bed flat in Polegate. It only has a 48 year lease..the current owner as mortgagees in possession will not want to mess around with seeking a lease extension..what are the drawbacks of this except for the costly fee to extend the lease and decreased chance of obtaining a mortgage with Bank of Ireland?
  • My husband and I have a one bedroom flat located in Polegate. There is 80 years to run on the lease and we want a lease extension. How much does it cost on average to extend in this location by, say,35 years
  • I have a lease of sixety five years remaining on my flat in Polegate. 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 Polegate