Common questions relating to Watnall Lease Extensions

  • So this is the scenario: I acquired a ground floor flat in Watnall that I am now unable to sell as a result of the lease needing a lease extension. How long will it take ?
  • I am the registered owner of a flat in Watnall with a leasehold unexpired slightly less than sixety eight years and need a lease extension. Please can you advise me of the next steps
  • My wife has a flat in Watnall which we have just put on the market. The leasehold has about seventy six years residual lease term on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Thank you.
  • 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?
  • How much will I need to spend and what is the best way to get a lease extension started? I have about seventy nine years unexpired lease on my lease on a studio flat in Watnall. I have emailed the managing agents who represent the landlord and they provided me with the number for the surveyor. I have contacted the valuer but I am not receiving any calls back.
  • My leasehold flat in Watnall is up for sale and I have a hopefully firm offer. There is 82 years remaining on the lease and I want a lease extension. What does it cost on average to extend in this area by, say,45 years
  • I intend to buy a one bed flat in Watnall for asking price of 125k, which has fivety six years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • We have owned a leasehold flat for about twenty years. There are seventy two years left on the lease. Following a year of difficult 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 LVT and would welcome some independent thoughts.
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding value added tax and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my garden flat in Watnall
  • I have a freehold of a one bedroom flat in Watnall. The leaseholders have seventy years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?

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