Guildford Lease Extensions: Q and A’s

  • My wife has an apartment located in Guildford which we are about to put on the market. The leasehold has around 76 years remaining on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Many thanks.
  • I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has sixety four years balance left
  • I want to purchase a leasehold property and extend the lease. The seller has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am the registered owner of a garden flat in Guildford with a leasehold unexpired of 62 years. I am enquiring about how much it will cost me to extend my leasehold
  • I acquired a ground floor flat in Guildford. The start date for the lease was in 2001 for 99 years. Now I am wanting to extend the lease. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • Is it possible to talk with you about an apartment in Guildford, I am considering bidding at auction next week. The flat only has a few years remaining and I am curious about how much it would cost to get a lease extension and for your services.
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • My conveyancers (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?
  • I am the freeholder of a Georgian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 79 years. What are my next steps?
  • Coming up to 2 years that I have owned my studio flat in Guildford. I have 60 yrs unexpired lease on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
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    Lease Extensions in Guildford

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