FAQs concerning Watton Lease Extensions

  • We have just bought a garden flat located inWatton and I'm considering a lease extension as soon as possible e.g. after 24 months of ownership
  • I am looking into the costs of carrying out a lease extension for my maisonette in Watton, and would like some figures on that.
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • I intend to buy a one bed flat in Watton for asking price of 156k, which has 58 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 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 would like some help on leasehold property buying. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Watton area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • We would like to know the cost of a lease extension valuation for a property based in Watton. Is this something you can help us with?
  • I am in need of some help with a lease extension. I live in Edinburgh but the flat in question is based in Watton. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • We have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Watton. We have a 75 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I know that others in the same building had already had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?
  • We have a three bedroom ground floor purpose built flat in Watton with a lease of sixety three years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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