Welton Lease Extensions: Q and A’s

  • I just completed on a property in Welton and it has about 73 years outstanding. I'd like to arrange a lease extension by twenty years
  • I need to negotiate a lease extension for a flat in Welton and want to use a local conveyancing practitioners. Is there a lawyers that you can recommend?
  • I want to buy a leasehold property and extend the lease. The seller has been there for four years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Welton, and my lease will reach 57 years this October. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I am the registered owner of a 2 bed flat in Welton. The start date for the lease was in 1998 for 99 years. Now I am looking for a lease extension. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?
  • I'm thinking of buying a maisonette (leasehold) but the landlord has been missing for nearly 15yrs. My question is would it be less expensive to try to acquire the reversionary title or to extend lease and apply for RTM?
  • I am the registered owner of a garden flat in Welton. I am looking to extend lease on the property. It is nearing eighty one years. I would just like to know what your charges are and how long it would take for completion.
  • Me and my partner had entered into buying a studio flat in Welton. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety one years remaining prior to extension). The sales particulars said "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The homeowner apparently has a quote but no money to extend and consequently the vendor wants to exchange and use the my deposit for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • I am currently negotiating a lease extension for my flat in Welton 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 have a lease of 74 years remaining on my flat in Welton. 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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    Lease Extensions in Welton

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