Top Ten Questions relating to Leegomery Lease Extensions

  • I have shares in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leasehold owners want a lease extension and I'm enquiring about the the process
  • 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?
  • The intention is to sell our maisonette in Leegomery but we may need to extend the lease, or possibly cover the costs of our purchaser. Are you able to help me find a to undertake the legal formalities?
  • I am looking into the costs of carrying out a lease extension for my GFF in Leegomery, and would like some figures on that.
  • I am about to view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 79 years residual lease term on the lease. It is also a repo so I'm assuming that the lender will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • I am concerned that my daughter might be having the wool pulled over her eyes. She put in an offer on a studio flat in Leegomery, where the lease is nearly 62 years but she was advised by the selling agents that the flat owner had extended it to 99 years. Only now has she been advised the owner was holding off for her to retain solicitors ahead of instigating the lease extension. Sounds odd to me, also it could take a while to sort it all out. Am I being too sceptical?
  • Me and my OH are considering purchasing a one bedroom apartment in Leegomery which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what occurs when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • Just been over two years that I have been in my one bedroom apartment in Leegomery. I have seventy years left on the lease. I am now looking either to buy a share of freehold or a lease extension. 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 about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • We know that others in the same building had already had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Is this advisable?
  • I have a lease of sixety nine years remaining on my flat in Leegomery. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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