Questions and Answers: Long Itchington Lease Extensions

  • I have an interest in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leaseholders want to extend their leases and I'm curious about the procedure for this
  • I want to buy a leasehold property and extend the lease. The flat owner has been there over two 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'm looking for a flat to buy in Long Itchington and I'm not really familiar with the leasehold arrangement. I've identified a place I like with a 82 years lease. I've read that I can apply for a lease extension having owned the property for 2 years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
  • My mortgage provider requires several hundred pounds for their to approve the lease extension deed for my flat in Long Itchington... I am unable to find any reference of this in my mortgage contract... is this a standard fee to pay?
  • We had entered into a purchase of a studio flat in Long Itchington. I was advised by the EA that the lease extension had already been completed while on a viewing (68 years remaining prior to extension). The description on the listing stated "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The owner apparently has a quote but no money to extend as a result the seller wishes to exchange and use the my deposit for the lease extension. My question is as the lease hasn't been extended is there not a danger that Coventry Building Society won't lend on a lease?
  • 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 69 years. What are my next steps?
  • I am the freeholder of a property in Long Itchington where the leaseholder would like a lease extension. Her so called valuation expert has provided a figure of £9,000, but has increased this by £2,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what costs would I be likely to incur?
  • My and my partner know that others in the same building previously had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?
  • I have 70 years remaining on my lease of a ground floor flat in Long Itchington, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Long Itchington

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