Frequently asked questions relating to Walton on the Naze Lease Extensions

  • I want to acquire a leasehold property and lease extension. The current owner has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Walton on the Naze, and my lease will reach fivety six years this October. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I bought a studio flat in Walton on the Naze. The start date for the lease was in 2001 for 99 years. Now I am looking for a lease extension. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
  • We hope to sell our studio flat in Walton on the Naze but we may need a lease extension, or possibly cover the costs of our buyers. Can you suggest someone to undertake the legal formalities?
  • I need to talk to you about an apartment in Walton on the Naze, I am considering bidding at auction in the next few days. The flat only has a few years unexpired lease and I am curious about what it would cost to get a lease extension and for your services.
  • I am a freeholder of a block of flats in Walton on the Naze, and the leaseholders are in the process of being granted lease extensions. I should hopefully get the money next week. How does the tax work, the property is in joint names with my wife ?
  • My husband and I have a leasehold flat in Walton on the Naze with fivety four years unexpired. Ten months ago we were quoted a deal to have a lease extension for a further 25 years but also increase ground rent from nominal to a little more..plus a premium I think of approximately 16k. Finally we have decided to go ahead but do we now have to renegotiate?
  • I am currently negotiating a lease extension for my flat in Walton on the Naze as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Walton on the Naze
  • I have a lease of 76 years remaining on my flat in Walton on the Naze. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Walton on the Naze

    Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Walton on the Naze