Lease Extensions in Tewkesbury

Sample questions relating to Tewkesbury Lease Extensions

I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. 2 of the leasehold owners want a lease extension and I'm enquiring about the procedure for this

I own a garden flat in Tewkesbury. The start date for the lease was in 1992 for 99 years. Now I am looking to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?

I am looking into the costs of carrying out a lease extension for my maisonette in Tewkesbury, and would like some figures on that.

I am about to view a two bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has seventy eight years balance left on the lease. It is also a repo so I'm guessing that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?

I wondered if you could help me on the likely financials and the best way to start the lease extension process? I have slightly more than 61 years outstanding and I own a studio flat in Tewkesbury.

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?

If somebody 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?

Are you able to provide an estimate to extend my mother’s lease on a 2 bed flat in Tewkesbury. She already has a price from the landlord for a lease extension but I am not sure it is too high.

I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Tewkesbury

We have a two bedroom first floor purpose built flat in Tewkesbury with a lease of fivety six years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?

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