Walsingham Lease Extensions

FAQs concerning Walsingham Lease Extensions

I am the owner of a maisonnette together with the freehold. My upstairs neighbours have asked to extend the lease what do I need to do?

I'm looking for a flat to buy in Walsingham and I'm not really familiar with the leasehold tenure. I've identified a two bedroom ground floor purpose built flat I like with a 87 years lease. I've read that I can apply for a lease extension having owned the property for 2 years, but:- Is this a given?

We have a ground floor flat in Walsingham with 77 years unexpired. Ten months ago we were quoted a deal to grant a lease extension for another thirty years but also uplift the ground rent from notional to a little more..plus a premium I think of about 10k. We have now decided to go ahead but do we now have to start the negotiations again?

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?

Me and my fiance would like to know the cost of a lease extension valuation for a property based in Walsingham. Would you be able to help?

If somebody owns a flat with a lease of less than 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 extending the lease?

Hi I own the freehold reversion in a 3 bedroom flat in Walsingham. The leaseholder has a 73 year lease and would like to purchase an additional 90 years. She is offering me £21,000 but I am not sure if this is too low an offer

My daughter is aware that others in the same building had already had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?

We currently own a ground floor flat in Walsingham 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 fivety 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? Should I contact the landlord first and will they be able to give me a cost?

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom apartment in Walsingham

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