Questions and Answers: Toton Lease Extensions

  • Hi, I just randomly found this site. I'm looking for prices on what it cost to extend a lease of a one bedroom second floor purpose built maisonette located in Toton. It's up for sale at the moment but has approximately 60 years of unexpired leasehold
  • I have an interest in the freehold of buildings comprising of seven flats each. 2 of the leasehold owners want to extend their leases and I'm enquiring about the procedure for this
  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 928 years residual lease term so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any information would be much appreciated.
  • We are in a building comprising three flats in Toton and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I'm looking for a flat to buy in Toton and I'm not really familiar with the leasehold tenure. I've found a one bedroom apartment I like with a 91 years lease. My research reveals that I can go for a lease extension having owned the property for a couple of years, but:- Is this a given?
  • I am the freeholder of a Victorian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 66 years. What are my next steps?
  • I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Toton. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding vat and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my one bed flat in Toton
  • My fiance and I are hoping to acquire a flat (a one bedroom first floor purpose built flat based inToton with share of freehold). During our search, we were always looking at flats that had a minimum 83 years outstanding. We found a flat we fell in love with and the selling agent assured that the lease term was not an issue. This morning our told us the lease only has 65 years and therefore requires a lease extension. Do we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I'm looking for some advice with regard to a lease extension on my maisonette in Toton. I'll be looking to do this sometime next year as we need to move at some point 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 extend it now or wait until I sell my place and have it all tied in with the property sale?

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