Top Ten Questions relating to St Agnes Lease Extensions

  • I bought a one bedroom apartment in St Agnes that I am now unable to sell as a result of the lease requiring a lease extension. What's your solicitors fee ?
  • I own a leasehold flat in the St Agnes area and was wondering if I could get a lease extension. What are your processes and fees. There are sixety nine years remaining
  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 899 years residual lease term so a lease extension is not an issue. 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 correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any information would be much appreciated.
  • I need to talk to you about an apartment in St Agnes, I am thinking of buying at auction next week. The flat only has a few years unexpired lease and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • I am thinking about whether to purchase the freehold or a lease extension of my property in St Agnes and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with National Westminster Bank to free up equity. My broker handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease started in 1991 and since then the ground rent has increased from £25.00 per year to £200 per year.
  • I am concerned that my niece might have had the wool pulled over her eyes. She put in an offer on a one bed flat in St Agnes, where the lease is circa seventy two years but she was told by the selling agents that the homeowner had extended it to 125 years. Only now has she been advised the flat owner was holding off for her to retain lawyers ahead of instigating the lease extension. Seems devious, also it may take a while to sort it all out. Am I being too sceptical?
  • I am thinking about purchasing an auction property and came upon a studio flat in St Agnes. It has just 41 year lease..the seller as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this except for the costly fee to extend the lease and reduced chance of obtaining a mortgage with Barclays Direct?
  • I am looking to buy a one bed flat in St Agnes for asking price of 125k, which has sixety 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 surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am hoping to extend the lease on my one bedroom apartment in St Agnes I am looking for a local company to calculate the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • My partner and I are hoping to purchase a flat (a studio flat inSt Agnes with share of freehold). Throughout our search, we were always looking at properties that had at least eighty five years remaining. We identified a flat we liked and the estate agent promised us that the lease term was not an issue. This morning our advised us the lease only has 70 years and thus requires a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

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