Warkworth Lease Extensions

Warkworth Lease Extensions Example Support Desk Enquiries

We agreed with the landlord for a lease extension on our flat located in Warkworth, 16.5k for another 90yrs. What's your solicitors fee ?

Hi. I need a to review my lease extension before it's completed just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor amendments.

I am going to purchase a flat based in Warkworth. The offer is subject to the lease extension. The seller’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Bank of Scotland. Moreover, which are the following lease extension steps to complete the purchase?

We are in a building comprising four flats in Warkworth and have been offered to buy the freehold for 8k 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 own a share of the freehold. There are three apartments in the block. All the leaseholders are now seeking lease extensions. Are you willing to assist us with this situation?

Me and my partner would like to know the cost of a lease extension valuation for a property based in Warkworth. Is this something you can help us with?

Just been over two years that I have owned my maisonette in Warkworth. I have sixety three years remaining on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?

I am worried about seeking a lease extension from a difficult landlord. Notwithstanding that the correct procedures were adhered to under the appropriate legislation, the landlord still attempted to get ground rent of £300 increasing by 100% every twenty five years of the new lease. Can you help?

I have 70 years remaining on my lease of a ground floor flat in Warkworth, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

I am currently negotiating a lease extension for my flat in Warkworth 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?

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