FAQs concerning Seaton Sluice Lease Extensions

  • I am fairly sure that our property lawyers has advised us incorrectly concerning a lease extension and I would like to know how to go about making a formal complaint
  • 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 acquired a one bedroom apartment in Seaton Sluice. The lease commenced in 1997 for 99 years. Now I am looking to extend the lease. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?
  • I'm deliberating over buying a garden flat (leasehold) but the freeholder has been absent for nearon 15yrs. My query is would it be less expensive to try to purchase the freehold or to extend lease and apply for RTM?
  • Possibly made a mistake, I am seeking a conveyancers in Seaton Sluice who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to help me with?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Seaton Sluice and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Alliance & Leicester to release of equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease began in 1979 and since then the ground rent has been raised from £15.00 per year to £125 per year.
  • I am looking at bidding for an auction property and came upon a studio flat in Seaton Sluice. It has just fifty 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 put a new lease on it and reduced chance of getting a mortgage with Barclays ?
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 60 years. I need a solicitors at my end. Can you advise please? I live near Seaton Sluice and have a mortgage with The Royal Bank of Scotland.
  • I'm living with my mother and father but have a one bedroom apartment in Seaton Sluice 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 Seaton Sluice 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 13k. Should I keep or sell the flat?
  • My partner and I are in the throws of buying a home (a maisonette located inSeaton Sluice with share of freehold). During our search, we were always looking at properties that had a minimum ninety years balance left. We found a apartment we fell in love with and the estate agent assured that the lease term was not an issue. Today our conveyancing practitioners advised us the lease only has seventy seven years and thus requires a lease extension. Do we run away, or do we reduce our offer?
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    Lease Extensions in Seaton Sluice

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