Top Ten Questions relating to Warwick Lease Extensions

  • 20,000 agreed with the landlord’s agents, just seeking to find a Warwick for a lease extension. Our flat has around 60 yrsunexpired lease. How long will this take ?
  • My wife has a flat in Warwick which we have just put on the market. The leasehold has nearly 75 years outstanding on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Many thanks.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I own a maisonnette together with the freehold reversion. The owners of the upstairs flat have asked to extend the lease what do I need to do?
  • We are selling our garden flat in Warwick but we may require a lease extension, or at least cover the costs of our purchaser. Can you suggest a to assist?
  • I'm thinking of buying a garden flat (leasehold) but the landlord has been absent for nearon 15yrs. My question is would it be less expensive to try to purchase the freehold or to get a lease extension and apply for RTM?
  • I am concerned that my daughter is being hoodwinked. She submitted an offer on a one bedroom apartment in Warwick, where the lease is just over 65 years but she was told by the selling agents that the seller had extended it to 125 years. Only now has she been advised the seller was holding off for her to retain lawyers ahead of instigating the lease extension. Sounds underhand, also it could take time to sort it all out. Am I being too sceptical?
  • I am looking to buy a one bed flat in Warwick for asking price of 145k, which has fivety six years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am currently negotiating a lease extension for my flat in Warwick 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?
  • I'm looking for some advice with regard to a lease extension on my garden flat in Warwick. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions?

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