Watnall Lease Extensions

Watnall Lease Extensions: Q and A’s

I’m just looking for a one bedroom apartment to purchase in the Watnall area and was interested in finding out what the likely fees would be for a lease extension? It has sixety four years residual lease term...

My neighbours and I are in a block comprising five flats in Watnall and have been offered to buy the freehold for £5000 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 invested in buying a studio flat in Watnall. I am looking for a lease extension on the property. It is around eighty years. I would just like to know what your charges are and how long the process takes.

I am a first time buyer of a leasehold flat in Watnall. The lease has just 54 years left and ground rent is £75. Is it possible for the owner to serve the Notice of Claim and then transfer this right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the flat owner? To add to the complexity the landlord is absent, so I am not sure how this will play out.

I note that your website states the likely fee to extend a lease is £495. Is that the total cost excluding value added tax and the HMLR fee? The price has already been negotiated with the freeholder for the lease extension for my ground floor flat in Watnall

I own the freehold of a three bedroom flat in Watnall. The leaseholders have sixety nine years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?

Just a quick one, how much is the premium payable for a lease extension on a residential property in Watnall for a one bed flat - section 42 is already in place?

We currently own a studio flat in Watnall 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 77 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?

Do you handle lease extensions on land? (a plot of land in Watnall with 82yrs remaining)

I have a lease of 78 years remaining on my flat in Watnall. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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