Recently asked questions relating to Tetbury Lease Extensions

  • I bought a property in Tetbury and it has approximately 62 years balance left. I'd like to extend the lease period
  • 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?
  • I plan on buying a flat in Tetbury. The offer is subject to the lease extension. The homeowner’s has served the Section 42 Notice. 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 Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
  • I'm looking for a flat to buy in Tetbury and I'm not really familiar with the leasehold tenure. I've found a two bedroom first floor purpose built flat I like with a 91 years lease. My research reveals that I can apply for a lease extension after a couple of years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
  • I am looking to buy a one bed flat in Tetbury for asking price of 125k, which has 72 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I own a purpose-built apartment based in a large block in Tetbury. The leasehold interest in the flat on a 99 year lease started from 1 October 1970 with a fixed ground rent of £15 per annum. I would like to obtain a lease extension. Is it possible for me to 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 of a three bedroom flat in Tetbury. The leaseholders have 64 years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
  • I'm intent on acquiring an apartment in Tetbury valued at £210,000 the flat has approaching 72 years remaining on the lease. My offer was subject to the lease being renewed... .. that was back in August, expecting I'd be in by Christmas. The owner has just informed the agent they'll knock £3k off if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • I am the freeholder of a property in Tetbury and a leaseholder would like a lease extension. Her so called valuation expert has given a figure of £9,000, but has increased this to £10,000 without too much effort. My surveyor has put forward a much higher figure. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to incur?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Tetbury