Sample questions relating to Twyford Lease Extensions

  • I own a leasehold flat in the Twyford area and was wondering whether I could obtain a lease extension. What are your processes and fees. Has 59 years balance left
  • I own a three bedroom second floor purpose built maisonette based in Twyford with a leasehold unexpired of 55 years. I am wondering about how much it will cost me to extend my lease
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Twyford and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously refinance with Lloyds TSB Bank to release of equity. The broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease began in 1991 and since then the ground rent has been raised from £38.00 per annum to £125 per annum.
  • I'm looking for an apartment to purchase in Twyford and I'm not really familiar with the leasehold concept. I've identified a garden flat I like with a 90 years lease. My research reveals that I can go for a lease extension after 2 years, but:- Should I anticipate any issue with my proposed mortgage lender Barnsley Building Society?
  • I am a landlord of a block of flats in Twyford, and the lessees are in the process of being given lease extensions. I anticipate receiving the money next month. As I am not on self assessment do I write to HMRC ?
  • I intend to buy a one bed flat in Twyford for asking price of 156k, which has 69 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 question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am the freeholder of a 1930’s 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 76 years. What are my next steps?
  • I'm living at parents but have a maisonette in Twyford let out which has a fivety nine 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 Twyford 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 13k. Should I keep or sell the flat?
  • I own the freehold reversion of a property in Twyford where the leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has increased this to £10,000 without too much effort. My valuer has put forward a much higher amount. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to incur?
  • We currently own a maisonette in Twyford and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety eight years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
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    Lease Extensions in Twyford

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