Top Ten Questions relating to Tetbury Lease Extensions

  • Hi, I am looking somewhere around or in Tetbury 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I am considering investing in a second home but it has a lease that expires in fifteen years. Its in Tetbury - I wanted to see if with your services it is possible for this to be extended?
  • I inherited a one bedroom apartment in Tetbury with a leasehold unexpired of 75 years. I am wondering about what it will cost me to extend my lease term
  • 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 have 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?
  • We had entered into buying a studio flat in Tetbury. I was informed that the lease had been extended (70 years remaining prior to extension). The sales particulars said "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The flat owner supposedly has a quote but no funds to extend as a result the vendor intends to exchange and use the 10% deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that Lloyds TSB Bank won't lend on a lease?
  • I am the freeholder of a Victorian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy six years. What are my next steps?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • I'm seeking some help with regard to a lease extension on my maisonette. The intention is to do this sometime next year as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • My and my partner know that others in the same block had already had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on on the prices by others . This would save on double valuation fees. Would you suggest such a course of action?

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