Questions and Answers: Raglan Lease Extensions

  • Hi, I just randomly found your site. I'm seeking prices on what a lease extension will cost for a three bedroom second floor purpose built maisonette located in Raglan. It's up for sale at the moment but has around sixety eight years left on the lease
  • Hello, I am looking somewhere around or in Raglan 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. Two of the leasehold owners want to extend their leases and I'm curious about the procedure for this
  • My partner has an apartment located in Raglan which we have just put on the market. The leasehold has nearly sixety seven years outstanding on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.
  • I bought a two bedroom second floor purpose built flat based in Raglan with a leasehold unexpired of 72 years. I am enquiring about what it will cost me to extend my lease
  • I own a maisonnette and the freehold. The owners of the upstairs flat have asked to extend the lease what do I need to do?
  • I am going to purchase a flat located in Raglan. The offer is conditional upon a lease extension. The vendor’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender National Westminster Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • I own a share of the freehold. There are five apartments in the building. All the leaseholders are now requiring lease extensions. What are the timescales to grant a lease extension?
  • I am looking to buy a one bed flat in Raglan for asking price of 145k, which has sixety eight 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 question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am currently negotiating a lease extension for my flat in Raglan 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 Raglan