Warwick Lease Extensions: Q and A’s

  • I agreed with the freeholder for a lease extension on our flat in Warwick, 12k for a further 90yrs. Are you willing to help us with this situation ?
  • I own a leasehold flat in the Warwick area and was enquiring whether I could get a lease extension. What are your processes and charges. Has fivety seven years outstanding
  • I'm planning to make an offer on a house in Warwick but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Platform Home Loans Ltd giving us the mortgage now?
  • I want to acquire a leasehold property and extend the lease. The flat owner has been there for three years and will sign 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 valued. The flat is in Warwick, and my lease will reach 78 years this March. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • What will it cost me and what is the best way to start the lease extension process? I have nearon seventy eight years left on my lease on a garden flat in Warwick. I have called the agent who act on behalf of the freeholder and they provided me with the number for the valuer. I have contacted the surveyor but I am not getting any returned calls.
  • I am a landlord of a block of flats in Warwick, and the tenants are in the process of being given lease extensions. I should hopefully get funds within a month or so. Are there any tax implications, the property is co-owned with my wife ?
  • I am considering buying an auction property and identified a studio flat in Warwick. It only has a 50 year lease..the seller being mortgagees in possession will not want to mess around with applying for a lease extension..what are the disadvantages of this except for the expensive fee to put a new lease on it and reduced chance of getting a mortgage with The Royal Bank of Scotland?
  • Coming up to two years that I have been in my studio flat in Warwick. I have sixety seven yrs outstanding on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 425k. 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?
  • We currently own a garden flat in Warwick and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 60 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

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