Questions and Answers: Ludlow Lease Extensions

  • So this is the scenario: I own a one bedroom apartment in Ludlow that I am now unable to sell as a result of the lease requiring a lease extension. What's your legal fee ?
  • I am fairly sure that our has advised us incorrectly concerning a lease extension and I want to know how to complain
  • I'm deliberating over buying a one bedroom second floor purpose built flat (leasehold) but the landlord has been missing for approximately 15yrs. My query is would it be less expensive to try to acquire the reversionary title or to extend lease and apply for right to manage?
  • I own a leasehold flat in Ludlow. I have built a large extension and have not informed my freeholder. What should I do?
  • My mortgage provider requires a £500 fee for their to agree a lease extension for my flat in Ludlow... I am unable to find any mention of this in my mortgage guide... is this a usual fee to pay?
  • My (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?
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding value added tax and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my maisonette in Ludlow
  • I'm looking at purchasing a flat in Ludlow valued at £210,000 the flat has something like fivety seven years remaining on the lease. My offer was subject to a lease extension... .. that was back in September, expecting I'd be in before Christmas. The owner has just informed the agent they are willing to reduce the price by£8k if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • Me and my wife are in the throws of buying a property (a one bed flat inLudlow with share of freehold). Throughout our search, we were always looking at flats that had at least 83 years unexpired. We identified a flat we fell in love with and the selling agent promised us that the lease term was not an issue. Today our advised us the lease only has seventy years and thus requires a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • My wife and I are concerned about seeking a lease extension from an objectionable freeholder. Regardless of the fact that the legal procedures were adhered to under the 1993 Act, the landlord still attempted to charge ground rent of £200 increasing by 100% every twenty years of the new lease. Can you help?

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