Recently asked questions relating to Warwick Lease Extensions

  • I have just acquired a garden flat inWarwick and I'm considering extending the lease as soon as possible e.g. in two years
  • I bought a flat in Warwick with a leasehold unexpired circa 60 years and need to extend it. Please can you advise me of the next stages
  • I just completed on a property in Warwick and it has slightly less than 66 years residual lease term. I'd like to arrange a lease extension by twenty years
  • I am looking to either purchase the freehold or a lease extension of my property in Warwick and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously remortgage with Chelsea Building Society to release of equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease started in 1979 and since then the ground rent has increased from £15.00 per annum to £200 per annum.
  • We had entered into buying a garden flat in Warwick. I was advised that the lease had been lengthened (75 years outstanding prior to extension). The description on the listing said "sold with a long lease". It turns out as we are about to exchange of contracts we find that the lease has not been extended. The vendor supposedly has a quote but no money to extend and consequently the homeowner wishes to exchange and use the deposit monies for the lease extension. My question is how is possible that the estate agent got it so wrong?
  • I am seeking advice as I am interested in a property that has only a seventy eight year lease and therefore requires a lease extension. Can I call someone to go through my options please?
  • I am the freeholder of a Georgian property split into two flats. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 54 years. What are my next steps?
  • Me and my OH would like to know the cost of a lease extension valuation for a property based in Warwick. Would you be able to help?
  • I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Warwick. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Me and my sister are hoping to acquire a property (a studio flat based inWarwick with share of freehold). During our search, we were always looking at properties that had a minimum ninety years unexpired. We found a flat we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. This morning our solicitors advised us the lease only has 69 years and therefore needs a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
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    Lease Extensions in Warwick

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