Questions and Answers: Cherry Willingham Lease Extensions

  • My fiance and I have just completed on a ground floor flat inCherry Willingham and I'm deliberating extending the lease as soon as I can e.g. after 24 months of ownership
  • We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 899 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 twenty years without owning the property. Any feedback would be much appreciated.
  • We hope to sell our one bedroom apartment in Cherry Willingham but we may need to extend the lease, or possibly cover the expense of our purchaser. Can you recommend someone to handle this?
  • My co-lessees and I are in a building containing four flats in Cherry Willingham and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am concerned that my niece might be having the wool pulled over her eyes. She put in an offer on a maisonette in Cherry Willingham, where the lease is about seventy four years but she was told by the selling agents that the owner had extended it to 99 years. Only now has she been advised the flat owner was holding off for her to instruct lawyers ahead of instigating the lease extension. Sounds odd to me, also it could take time to sort it all out. Am I being too sceptical?
  • I am considering bidding for an auction property and identified a two bed flat in Cherry Willingham. It only has a 49 year lease..the vendor as mortgagees in possession dont want the aggravation of applying for a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and decreased chance of getting a mortgage with Clydesdale?
  • Regarding a residence in Cherry Willingham. lower maisonette. seventy six yrs unexpired. I have an agreed lease extension to £20k for 125yrs. Landlord also requested Notice of Claim which I think is a bit over the top. Can you assist.
  • I intend to buy a one bed flat in Cherry Willingham for asking price of 125k, which has fivety eight 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 query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 72 years. I need a at my end. Can you advise please? I live near Cherry Willingham and have a mortgage with The Royal Bank of Scotland.
  • I require an estimate to extend my mum’s lease on a studio flat in Cherry Willingham. She recently got a figure from the landlord for a lease extension but I am not sure it is reasonable.

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