Tintern Lease Extensions

Sample questions relating to Tintern Lease Extensions

We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 928 years unexpired 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 twenty years without the house being ours. Any advice would be much appreciated.

I am about to put an offer in on a maisonette in Tintern with a lease of sixety 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 plan on buying a flat in Tintern. The offer is conditional upon a lease extension. The flat owner’s has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I wondered if you could help me on the likely expense and the optimum way to get a lease extension started? I have nearon 65 years outstanding and I own a two bedroom second floor purpose built maisonette in Tintern.

I am a landlord of a block of flats in Tintern, and the leaseholders are in the process of being issued lease extensions. I anticipate receiving funds next week. As I am not on self assessment do I write to the tax authorities ?

My wife and I have a leasehold flat in Tintern with 74 years to run. Last year we were quoted a deal to receive a lease extension for another thirty years but also increase ground rent from nominal to a little more..plus a premium I think of about 10k. We have now decided to move forward but do we now have to start the negotiations again?

We are looking to extend our lease. We will have been in the place for 2 years as of 11th April 2015. It has nearly sixety four years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.

My nephew has a share of freehold, with two other leaseholders in a building in Tintern. House converted into three flats. He has a lease, which has around sixety years outstanding. How much would it cost for a lease extension and how many years would he need to extend by?

We are acquiring a studio flat in Tintern which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced extending the lease. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do OS1 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 lease title number is not known. Is it right that we have to hold on until the lease extension has actually been registered before completing.?

We have a ground floor flat in Tintern with a lease of sixety nine years left with a value of around £410000 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 Tintern