FAQs concerning Audley Lease Extensions

  • Hi, I stumbled upon this website. I'm seeking prices on what a lease extension will cost for a maisonette in Audley. It's on the market at the moment but has approximately seventy years left on the lease
  • I have shares in the freehold of buildings comprising of 8 flats each. 2 of the leasehold owners want to extend their leases and I'm wondering about the the process
  • I just completed on a property in Audley and it has roughly seventy one years unexpired. I'd like to arrange a lease extension by twenty years
  • I need to extend my existing lease can you assist? I think it has 56 years remaining
  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 928 years remaining 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 correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any help would be much appreciated.
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Audley 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 adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease began in 1981 and since then the ground rent has been raised from £38.00 per annum to £125 per annum.
  • I am a landlord of a block of flats in Audley, and the lessees are in the process of being issued lease extensions. I should hopefully get funds next month. As I am not on self assessment do I write to the tax authorities ?
  • My son has a share of freehold, with two other leaseholders in a building in Audley. House split into three flats. He has a lease, which has roughly 77 years unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
  • I am the freeholder of a property in Audley and a leaseholder has requested a lease extension. Her valuer has given a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to incur?
  • Do you handle lease extensions on land? (a plot of land in Audley with 82yrs remaining)

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