Common questions relating to Lyddington Lease Extensions

  • I have an interest in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leasehold owners want a lease extension and I'm wondering about the procedure for this
  • I own a leasehold flat in the Lyddington area and was curious if I could obtain a lease extension. What are your processes and fees. There are sixety three years outstanding
  • I purchased a three bedroom first floor purpose built maisonette in Lyddington with a leasehold unexpired of sixety five years. I am enquiring about what it will cost me to extend my lease
  • 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?
  • Me and my wife are proceeding with a purchase of a three bedroom first floor purpose built flat in Lyddington. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy six years left prior to extension). The sales particulars stated "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The seller supposedly has a quote but no finances to extend as a result the vendor wants to exchange and use the my deposit for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • Me and my fiance have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Lyddington. We have a seventy two year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure 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 to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I'm looking at buying an apartment in Lyddington valued at £256,000 the flat has just under 62 years remaining on the lease. I put in an offer conditional upon the lease being extended... .. that was back in September, hoping I'd have moved in by Christmas. They have just informed me they'll reduce the price by£8k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • I am the freeholder of a property in Lyddington and a leaseholder would like a lease extension. Her valuer has given a figure of £8,000, but has upped this to £10,000 without too much effort. My valuer has recommended a much higher premium. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to face?
  • I am planning on remortgaging my maisonette in Lyddington and the mortgage company that I am looking to move to requires at least 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around 57 years on the leasehold so require some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • We currently own a one bedroom apartment in Lyddington and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy four years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

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