Common questions relating to Verwood Lease Extensions

  • I have shares in the freehold of buildings comprising of seven flats each. Two of the leasehold owners want a lease extension and I'm curious about the procedure for this
  • I am considering investing in a second home but it has a lease that expires in twenty years. Its in Verwood - I wanted to see if with your services it is possible for this to be extended?
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 928 years outstanding so a lease extension is not an issue. 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 twenty years without the house being ours. Any guidance would be much appreciated.
  • I'm deliberating over buying a studio flat (leasehold) but the freeholder has been missing for approximately 15yrs. I wonder whether it will be cheaper to try to acquire the freehold or to extend lease and apply for RTM?
  • I will soon view a one bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has sixety six years residual lease term on the lease. It is also a repossession so I'm guessing that the lender will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • We are considering buying a garden flat in Verwood which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
  • I intend to buy a one bed flat in Verwood for asking price of 145k, which has 79 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 the freeholder 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?
  • 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 am the freeholder of a Victorian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 65 years. What are my next steps?
  • Me and my partner are in the throws of buying a home (a one bedroom ground floor purpose built maisonette located inVerwood with share of freehold). Throughout our search, we were always looking at flats that had at least 84 years left. We identified a apartment we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Yesterday our advised us the lease only has 77 years and therefore requires a lease extension. Should we walk away, or should we negotiate our offer?

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