Lapworth Lease Extensions: Q and A’s

  • I want to buy a leasehold property and lease extension. The owner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Lapworth, and my lease will reach seventy seven years this December. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • The terms for the lease on my apartment in Lapworth are 95 years from 14 Feb 1990. Please give me a quote to extend the lease if I give you more details please?
  • I am looking into the costs of carrying out a lease extension for my GFF in Lapworth, and would like some figures on that.
  • I am thinking about purchasing an auction property and found a two bed flat in Lapworth. It only has a fifty year lease..the seller being mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the drawbacks of this other than the huge fee to put a new lease on it and reduced chance of getting a mortgage with The Mortgage Works?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • I am the freeholder of a Georgian property split into two flats. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 72 years. What are my next steps?
  • I'm living at mum and dad but have a ground floor flat in Lapworth let out which has a sixety six year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Lapworth for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • Coming up to 2 years that I have been in my three bed flat in Lapworth. I have sixety eight years remaining on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Lapworth based property lawyers or any will do fine?
  • I'm looking for some advice with regard to a lease extension on my two bedroom ground floor purpose built flat in Lapworth. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Can you recommend a good solicitors who specialises in lease extensions?
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    Lease Extensions in Lapworth

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