Examples of recent questions relating to Lease Extensions in Much Wenlock

  • 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 inherited a one bedroom first floor purpose built flat in Much Wenlock. I am looking to extend lease on the property. It is just over 80 years. I would just like to know what your charges are and how long the process takes.
  • I need to talk to you about a flat in Much Wenlock, I am thinking of buying at auction next month. The flat only has a few years remaining and I was wondering about what it would cost to get a lease extension and for your services.
  • I am looking to either purchase the freehold or a lease extension of my property in Much Wenlock and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Coventry Building Society to release of equity. My adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease started in 1991 and since then the ground rent has been raised from £25.00 per year to £125 per year.
  • I am concerned that my daughter is being hoodwinked. She put in an offer on a one bedroom apartment in Much Wenlock, where the lease is roughly 65 years but she was informed by the estate agents that the owner had extended it to 99 years. Only now has she been informed the owner was waiting for her to instruct lawyers ahead of instigating the lease extension. Sounds devious, also it may take months to sort it all out. What do you think?
  • My wife and I are considering purchasing a three bedroom first floor purpose built maisonette in Much Wenlock which is a leasehold. I am enquiring as to the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
  • We wish to extend our lease having owned the flat for 2 years as of 1st Jan 2015. It has slightly less than seventy eight years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as is reasonably achievable.
  • I'm living with my parents but have a garden flat in Much Wenlock let out which has a seventy six year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Much Wenlock for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
  • Me and my partner are in the throws of buying a flat (a maisonette inMuch Wenlock with share of freehold). During our search, we were always looking at properties that had a minimum 84 years unexpired. We identified a apartment we liked and the estate agent assured that the lease term was not an issue. Today our informed us the lease only has 68 years and therefore requires a lease extension. Do we walk away, or should 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?
  • I require an estimate to extend my mother’s lease on a ground floor flat in Much Wenlock. She recently got a price from the landlord for a lease extension but I am far from certain if it is too high.

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