Frequently asked questions relating to Stow on the Wold Lease Extensions

  • So this is the scenario: I own a garden flat in Stow on the Wold that I am finding difficult to sell due to the lease needing a lease extension. Can you please help me with this situation ?
  • I have shares in the freehold of buildings comprising of 8 flats each. Two of the leasehold owners want to extend their leases and I'm wondering about the procedure for this
  • 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?
  • Possibly made a mistake, I am seeking a in Stow on the Wold who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to assist me with?
  • I am looking into the costs of carrying out a lease extension for my GFF in Stow on the Wold, and would like some figures on that.
  • My flat in Stow on the Wold is up for sale and I have a hopefully firm offer. There is eighty one years to run on the lease and I want a lease extension. How much will it likely cost to get a lease extension by, say,fifty years
  • I am seeking advice as I am interested in a property that has only a 57 year lease and therefore requires a lease extension. Can I call someone to go through my options please?
  • 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 own the freehold reversion of a property in Stow on the Wold and a leaseholder would like a lease extension. Her valuer has suggested a figure of £8,000, but has increased this by £2,000 without too much effort. My valuer has put forward a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to incur?
  • I am currently negotiating a lease extension for my flat in Stow on the Wold 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 Stow on the Wold