Recently asked questions relating to Rugby Lease Extensions

  • I invested in buying a flat in Rugby with a leasehold unexpired slightly more than 74 years and need to extend it. Please can you clarify the next steps
  • Hello. I need someone to have a look at my lease extension ahead of it being completed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor amendments.
  • I'm considering purchasing a ground floor flat (leasehold) but the landlord has been absent for slightly more than 15yrs. My question is would it be cheaper to try to buy the reversionary title or to extend lease and apply for right to manage?
  • My co-lessees and I are in a block containing five flats in Rugby and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Rugby and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously get a new mortgage with Platform Home Loans Ltd to free up equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease commenced in 1979 and since then the ground rent has increased from £15.00 per annum to £125 per year.
  • Are you able to advise on how much it would expense and the optimum way to start the lease extension process? I have approximately 60 years unexpired lease and I own a one bedroom first floor purpose built flat in Rugby.
  • Me and my wife are considering buying a one bedroom apartment in Rugby which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
  • I'm living with my mother and father but have a three bedroom first floor purpose built flat in Rugby let out which has a 67 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Rugby for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • We are are hoping to complete on a garden flat in Rugby which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of dealing with a lease extension. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our to do a "priority 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 property title number has not been issued. Is it right that we have to wait until the lease extension has actually been registered before completing.?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom apartment in Rugby

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