Frequently asked questions relating to South Cave Lease Extensions

  • My partner agreed with the landlord to a lease extension on our flat located in South Cave, 15.5k for an additional 90yrs. Can you please help us with this situation ?
  • I'm intending to make an offer on a house in South Cave but I'm concerned 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 Bank of Scotland giving us the mortgage now?
  • I purchased a maisonette in South Cave with a leasehold unexpired of 78 years. I am enquiring about how much it will cost me to extend my lease term
  • I am a first time buyer of a leasehold flat in South Cave. The lease has just 70 years unexpired and ground rent is £50. Is it possible for the owner to serve the Initial Notice and then transfer this right to me as the purchaser on the day of completion so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the owner? Unfortunately it’s the case of an absent freeholder, so I am not sure how this will play out.
  • My partner and I have a residential flat in South Cave with sixety one years to run. Ten months ago we were quoted a deal to have a lease extension for a further 25 years but also increase ground rent from nominal to £200 per annum..plus a premium I think of approximately 10k. We have now decided to move forward but do we now have to renegotiate?
  • I am looking to buy a one bed flat in South Cave for asking price of 156k, which has 78 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • My wife and I are aware that others in the same block had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?
  • Are you able to provide an estimate to extend my mum’s lease on a studio flat in South Cave. She already has a figure from the landlord for a lease extension but I am unclear whether it is reasonable.
  • I have 79 years remaining on my lease of a ground floor flat in South Cave, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • Do you handle lease extensions on land? (a plot of land in South Cave with 82yrs remaining)

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