Frequently asked questions relating to Polesworth Lease Extensions

  • So this is the scenario: I invested in buying a garden flat in Polesworth that I now cannot sell as a result of the lease requiring a lease extension. What's your legal fee ?
  • I'm about to make an offer on a house in Polesworth but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Barclays Direct giving us the mortgage now?
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 899 years unexpired so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any advice would be much appreciated.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Polesworth, and my lease will reach seventy five years this November. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • Are you able to advise on the likely expense and the optimum way to get a lease extension started? I have slightly more than 73 years unexpired lease and I own a maisonette in Polesworth.
  • We have a GFF located in Polesworth. There is 80 years left on the lease and we want a lease extension. How much does it cost on average to get a lease extension by, say,35 years
  • I intend to buy a one bed flat in Polesworth for asking price of 145k, which has 66 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • My conveyancers (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 am the freeholder of a Victorian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 67 years. What are my next steps?
  • My wife and I are worried about getting a lease extension from a difficult landlord. Notwithstanding that the legal procedures were adhered to under the 1993 Act, the landlord still attempted to charge ground rent of £250 increasing by 100% every twenty five years of the new term. Can you assist?
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    Lease Extensions in Polesworth

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