Lixwm Lease Extensions: Q and A’s

  • I’ve just completed on a maisonette inLixwm and I'm deliberating extending the lease as soon as practicable e.g. after two years
  • 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 am the registered owner of a studio flat in Lixwm. The lease started in 1992 for 99 years. Now I am wanting for a lease extension. I am not entirely sure about further expenses, could you tell me please how much I should expect to spend on this?
  • I am a landlord of a block of flats in Lixwm, and the tenants are in the process of being issued lease extensions. I anticipate receiving funds next month. How does the tax work, the property is in joint names with my partner ?
  • Re a residence in Lixwm. GFF maisonette. 78 yrs unexpired. I have negotiated a lease extension price of £20k for 115yrs. Landlord also requested Notice of Claim which I think should not be required. Can you assist.
  • 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 54 years. I need a conveyancing practitioners at my end. Can you advise please? I live near Lixwm and have a mortgage with Leeds Building Society.
  • If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • We have been in discussion with our freeholder after having a valuation on our studio flat in Lixwm. We have a seventy four year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a conveyancing practitioners to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I'm looking at acquiring a flat in Lixwm valued at £210,000 the flat has approximately 74 years left on the lease. My offer was conditional upon a lease extension... .. that was back in November, hoping I'd have moved in by Christmas. They have just come back saying that they are prepared to knock £4k off if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • I have fivety five years remaining on my lease of a ground floor flat in Lixwm, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
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    Lease Extensions in Lixwm

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