Lease Extensions in Warwick

Sample questions relating to Warwick Lease Extensions

So this is the scenario: I acquired a one bedroom apartment in Warwick that I am finding difficult to sell due to the lease needing a lease extension. Are you able to help me with this situation ?

I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has fivety four years unexpired.

I plan on buying a flat based in Warwick. My offer is subject to the lease extension. The homeowner’s has served the Section 42 Notice. 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 The Royal Bank of Scotland. Moreover, which are the following lease extension steps to complete the purchase?

My neighbours and I are in a block made up five flats in Warwick and have been offered to buy the freehold for 7k 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 need to talk to you about a leasehold property in Warwick, I am thinking of buying at auction next week. The flat only has a few years outstanding and I was wondering about how much it would cost to get a lease extension and for your services.

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 will be doing a refinance with Lloyds TSB Bank to release of equity. The adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease commenced in 1972 and since then the ground rent has increased from £25.00 per year to £100 per annum.

My brother and I are considering purchasing a one bedroom apartment in Warwick which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from extending the lease?

We have owned a leasehold flat for about fifteen years. It now has seventy eight years left on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate some independent thoughts.

My brother and I have been in discussion with our freeholder after having a valuation on our studio flat in Warwick. We have a 63 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my ground floor flat in Warwick

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