Common questions relating to Colwall Lease Extensions

  • Hi, I just randomly found this site. I'm seeking prices on what a lease extension will cost for a garden flat in Colwall. It's on the market at the moment but has just under sixety five years of unexpired leasehold
  • I own a leasehold flat in the Colwall area and was wondering if I could obtain a lease extension. What are your processes and fees. There are fivety six years outstanding
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has sixety five years residual lease term.
  • I have contacted my freeholder for a lease extension for my flat in Colwall. Her has been in contact concerning charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started October 1992.
  • I am in need of a lease extension for my flat in Colwall and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • 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?
  • Coming up to 2 years that I have owned my garden flat in Colwall. I have 54 yrs outstanding on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
  • It says on your website the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding value added tax and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my garden flat in Colwall
  • Me and my wife are in the throws of buying a property (a one bedroom apartment based inColwall with share of freehold). Throughout our search, we were always looking at properties that had a minimum eighty five years left. We found a apartment we liked and the selling agent assured that the lease was long albeit not specifying a number. This morning our told us the lease only has 56 years and thus requires a lease extension. Should we walk 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?
  • I'm hoping for some assistance with regard to a lease extension on my maisonette. I'll be looking to do this in six months time as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. You are able to recommend a good who specialises in lease extensions. Preferably someone in Colwall area?

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