Questions and Answers: Watnall Lease Extensions

  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 56 years left.
  • Hi. I need a property lawyers to review my lease extension prior to it being formalised just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor variations.
  • I have contacted my freeholder for a lease extension for my flat in Watnall. His conveyancing practitioners has been in contact concerning fees etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started January 1984.
  • I bought a ground floor flat in Watnall. The lease commenced in 1992 for 99 years. Now I am wanting to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • I am going to purchase a flat based in Watnall. My offer is subject to the lease extension. The flat owner’s property lawyers has given to the freeholder the Notice of Claim. 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 Barclays . Moreover, which are the following lease extension steps to complete the purchase?
  • I am about to view a one bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 54 years balance left on the lease. It is also a repossession so I'm assuming that the bank will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • My partner and I have owned a leasehold flat for around eighteen years. There are seventy seven years left on the lease. Following a year of difficult negotiations through my conveyancers and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate advice.
  • I am planning to extend the lease on my ground floor flat in Watnall I am looking for a local company to calculate the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living at parents but have a garden flat in Watnall let out which has a 69 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Watnall for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?
  • Just been over 2 years that I have owned my maisonette in Watnall. I have sixety five yrs unexpired lease on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
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    Lease Extensions in Watnall

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