Lease Extensions in Cinderford

Top Ten Questions relating to Cinderford Lease Extensions

I own a leasehold flat in the Cinderford area and was wondering whether I could get a lease extension. What are your processes and charges. There are 78 years outstanding

I am the registered owner of a maisonette in Cinderford with a leasehold unexpired of 79 years. I am wondering about how much I will need to spend to extend my leasehold

I have my suspicions that my niece might have had the wool pulled over her eyes. She submitted an offer on a ground floor flat in Cinderford, where the lease is about sixety seven years but she was told by the selling agents that the owner had extended it to 99 years. She has now been advised the flat owner was waiting for her to appoint lawyers prior to commencing with the lease extension. Sounds underhand, also it could take months to sort it all out. Am I being too sceptical?

I am looking to buy a one bed flat in Cinderford for asking price of 145k, which has fivety seven years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?

My partner and I have been in discussion with our freeholder after having a valuation on our garden flat in Cinderford. We have a 62 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

My wife and I are aware that others in the same block had already had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Cinderford

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my three bed flat in Cinderford

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