Top Ten Questions relating to Swanage Lease Extensions

  • I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leasehold owners want to extend their leases and I'm enquiring about the procedure for this
  • I am the registered owner of a property in Swanage and it has just under 79 years balance left. I'd like to arrange a lease extension by twenty years
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has 76 years outstanding
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Swanage, and my lease will reach 71 years this October. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I will soon view a two bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has seventy eight years outstanding on the lease. It is also a repossession so I'm assuming that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
  • I intend to buy a one bed flat in Swanage for asking price of 156k, which has sixety 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 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?
  • 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?
  • My nephew has a share of freehold, with two other leaseholders in a building in Swanage. House divided into three flats. He has a lease, which has just under 73 years unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I'm living at mum and dad but have a garden flat in Swanage let out which has a 73 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Swanage for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • I own the freehold to two flats. Someone has the lease on the garden flat in Swanage. I live in the top flat. I was reviewing the title deeds today when I noticed that my flat is leasehold. There is fivety seven years residual lease term. If I want to do a lease extension then would I just be paying for the charges?

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