Top Ten Questions relating to Gotham Lease Extensions

  • We agreed with the head landlord to a lease extension on our flat based in Gotham, 16.5k for another 90yrs. How long is the process ?
  • I need to extend my existing lease can you assist? My investigation with the Land Registry reveal that it has sixety eight years balance left
  • I am looking to purchase a ground floor flat in Gotham with a lease of 59 years but unsure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Gotham, and my lease will reach 59 years this August. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I am a freeholder of a block of flats in Gotham, and the leaseholders are in the process of being issued lease extensions. I should hopefully get funds within a month or so. Are there any tax implications, the property is co-owned with my partner ?
  • We have owned a leasehold flat for approximately eighteen years. It now has 55 years outstanding on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate advice.
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 55 years. I need a at my end. Can you advise please? I live near Gotham and have a mortgage with The Royal Bank of Scotland.
  • I note that your website states the anticipated fee to extend a lease is £495. Is that the all inclusive cost including value added tax and the HMLR fee? The price has already been negotiated with the freeholder for the lease extension for my studio flat in Gotham
  • My wife and I are in the throws of buying a property (a one bedroom apartment based inGotham with share of freehold). During our search, we were always looking at flats that had at least ninety years left. We identified a apartment we liked and the estate agent assured that the lease term was not an issue. Yesterday our told us the lease only has 65 years and thus needs a lease extension. Do we walk away, or should 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?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Gotham