Questions and Answers: Wenvoe Lease Extensions

  • Hi, I stumbled upon your website. I'm seeking prices on what it cost to extend a lease of a maisonette based in Wenvoe. It's on sale at the moment but has approximately sixety six years of unexpired leasehold
  • I bought a ground floor flat located in Wenvoe with a leasehold unexpired of 61 years. I am wondering about how much I will need to spend to extend my lease term
  • 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?
  • We are selling our maisonette in Wenvoe but we may require a lease extension, or possibly cover the costs of our purchaser. Are you able to suggest someone to help us?
  • My partner and I have a first floor flat in Wenvoe with 67 years left. Last year we were quoted a deal to receive a lease extension for another fifty years but also uplift the ground rent from nominal to £250 per annum..plus a premium I think of approximately 9k. We have now decided to go ahead but do we now have to renegotiate?
  • We are considering purchasing a maisonette in Wenvoe which is a leasehold. I am wanting to weigh up the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
  • My brother has a share of freehold, with two other leaseholders in a building in Wenvoe. House converted into three apartments. He has a lease, which has nearon 71 years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • Just been over 2 years that I have been in my ground floor flat in Wenvoe. I have 63 years remaining on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners 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)?
  • Me and my fiance have been in discussion with our freeholder after having a valuation on our one bed flat in Wenvoe. We have a fivety eight year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she 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 solicitors to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I'm seeking some help concerning a lease extension on my maisonette. The intention is to do this next summer as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
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    Lease Extensions in Wenvoe

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