Top Ten Questions relating to Page Green Lease Extensions

  • I am about to put an offer in on a garden flat in Page Green with a lease of sixety nine years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • 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?
  • Think I may have made a mistake, I am seeking a in Page Green who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to assist me with?
  • I am thinking about buying an auction property and identified a studio flat in Page Green. It only has a 41 year lease..the seller as mortgagees in possession dont want the aggravation of seeking a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with TSB?
  • My brother and I are proceeding with a purchase of a one bedroom second floor purpose built flat in Page Green. I was advised by the EA that the lease extension had already been completed while on a viewing (fivety four years outstanding 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 owner supposedly has a quote but no funds to extend and consequently the vendor intends to exchange and use the my deposit to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • 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?
  • I note that your website states the anticipated fee for dealing with a lease extension is £495. Is that the total cost excluding value added tax and the land registry fee? The premium has already been agreed with the freeholder for the lease extension for my garden flat in Page Green
  • My brother and I are hoping to buy a flat (a garden flat inPage Green with share of freehold). During our search, we were always looking at apartments that had at least eighty five years balance left. We found a place we liked and the estate agent assured that the lease term was not an issue. This morning our told us the lease only has 64 years and therefore needs a lease extension. Do we walk 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?
  • I am the freeholder of a property in Page Green and a leaseholder would like a lease extension. Her so called valuation expert has given a figure of £9,000, but has increased this by £2,000 without too much effort. My valuer has put forward a much higher amount. Negotiations have broken down so it looks at though we need to go to a FTT. 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'm seeking some help with regard to a lease extension on my maisonette. I'll be looking to do this next autumn as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?

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