Frequently asked questions relating to South Cave Lease Extensions

  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 928 years balance left so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any help would be much appreciated.
  • I have a lease of sixety three years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I am about to put an offer in on a one bedroom first floor purpose built flat in South Cave with a lease of 57 years but unsure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I'm looking for an apartment to buy in South Cave and I'm not really familiar with the leasehold title. I've found a one bedroom apartment I like with a 82 years lease. I've read that I can apply for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with the mortgage?
  • My flat in South Cave is up for sale and I have a hopefully firm offer. There is 79 years to run on the lease and I want a lease extension. What will it likely cost to get a lease extension by, say,35 years
  • We are considering buying a one bedroom apartment in South Cave which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • Coming up to two years that I have owned my garden flat in South Cave. I have 72 years outstanding on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. 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: In terms of surveyors - how do I go about finding one?
  • I'm seeking some advice with regard to a lease extension on my flat. The intention is to do this next autumn as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good with expertise in lease extensions. Preferably someone in South Cave area?
  • I have 65 years remaining on my lease of a ground floor flat in South Cave, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • We have a garden flat in South Cave with a lease of seventy one years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?

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