Questions and Answers: Warkworth Lease Extensions

  • I’m looking for lease extension for our apartment in Warkworth and we don't fully understand the letter that we got from our freehold company. Are you willing to assist us with this situation?
  • Hello, I just randomly found this website. I'm seeking prices on what a lease extension will cost for a one bedroom apartment in Warkworth. It's on sale at the moment but has around 73 years left on the lease
  • I bought a property in Warkworth and it has roughly sixety one years left. I'd like to extend the lease period
  • I have a lease of seventy years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I am looking for a in Warkworth and they should be on the Birmingham Midshires approved conveyancers panel as we need a lease extension and remortgage at the same time. Can you recommend any please ?
  • I am a landlord of a block of flats in Warkworth, and the leaseholders are in the process of being given lease extensions. I anticipate receiving funds next week. How does the tax work, the property is in joint names with my partner ?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • If a leaseholder owns a flat with a lease of under 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 doing it?
  • I own the freehold of a couple of flats. Someone has the lease on the lower flat in Warkworth. I live in the top flat. I was looking at the title deeds today when I noticed that my flat has a lease on it. There is seventy years left on the lease. If I want a lease extension then would I just be paying for the costs?
  • My colleague is aware that others in the same building had already had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?

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