Recently asked questions relating to Ludlow Lease Extensions

  • I agreed with the head landlord for a lease extension on our flat in Ludlow, 13.5k for an extension by 90yrs. What's your solicitors fee ?
  • I have an interest 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 curious about the the process
  • I am interested in getting a lease extension for a flat in Ludlow and want to use a local . Are you able to help me find a ?
  • We are in a block comprising four flats in Ludlow and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am looking to either purchase the freehold or a lease extension of my property in Ludlow and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Barnsley Building Society to free up equity. My adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease began in 1981 and since then the ground rent has increased from £25.00 per year to £100 per annum.
  • I own a share of the freehold. There are five flats in the building. All the leaseholders are now looking for lease extensions. What's your solicitors fee?
  • 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 fivety eight years. What are my next steps?
  • Hello I own the freehold interest in a 2 bedroom flat in Ludlow. The leaseholder has a 71 year lease and would like to purchase another 125 years. She is offering me £27,000 but I am not sure if this is too low an offer
  • I am the registered freeholder to two flats. Someone has the lease on the ground flat in Ludlow. I occupy in the upper flat. I was looking at the land registry documents last night when I noticed that my flat has a lease on it. There is fivety four years unexpired. If I want to do a lease extension then would I simply be paying for the fees?
  • I am currently negotiating a lease extension for my flat in Ludlow as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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