Questions and Answers: Redfield Lease Extensions

  • Hi, I stumbled upon your website. I'm looking for prices on what a lease extension will cost for a a property located in Redfield. It's up for sale at the moment but has slightly more than 73 years left on the lease
  • I'm planning to make an offer on a house in Redfield but I'm concerned 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 Nottingham Building Society giving us the mortgage now?
  • I am a freeholder of a block of flats in Redfield, and the tenants are in the process of being granted lease extensions. I should hopefully get the money next week. Are there any tax implications, the property is co-owned with my partner ?
  • We have a one bedroom flat based in Redfield. There is eighty years unexpired on the lease and we want to extend the lease. How much will it likely cost to get a lease extension by, say,fifty years
  • 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?
  • Me and my fiance have been in discussion with our freeholder after having a valuation on our one bed flat in Redfield. We have a 59 year lease and we wish to increase this to 99. The Freeholder has supplied 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 the lease extension.
  • It says on your website the likely fee to extend a lease is £495. Is that the total cost including vat and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my two bedroom first floor purpose built flat in Redfield
  • We are hoping to purchase a property (a maisonette located inRedfield with share of freehold). During our search, we were always looking at apartments that had a minimum eighty five years left. We found a place we liked and the selling agent promised us that the lease term was not an issue. Today our told us the lease only has 62 years and therefore needs a lease extension. Do we walk away, or should we negotiate our offer?
  • We currently own a three bed flat in Redfield 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 nine years left. Not sure what to do, have read some bits on the web saying it will be 13k 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?
  • I have a lease of fivety six years remaining on my flat in Redfield. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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