Westgate on Sea Lease Extensions: Q and A’s

  • My partner has an apartment in Westgate on Sea which we are about to put on the market. The leasehold has just under seventy six years balance left on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Thank you.
  • I want to purchase a leasehold property and extend the lease. The homeowner 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 plan on buying a flat located in Westgate on Sea. The offer is subject to the lease extension. The homeowner’s has given to the freeholder the Section 42 Notice. 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 Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • My brother and I are considering purchasing a studio flat in Westgate on Sea which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what happens 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?
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy three years. I need a at my end. Can you advise please? I live near Westgate on Sea and have a mortgage with TSB.
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to buy in Westgate on Sea. The house is freehold but the garden is officially leasehold, 995 year lease from 1889. Its the rear garden.
  • We currently own a garden flat in Westgate on Sea and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy three years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Westgate on Sea 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom apartment in Westgate on Sea
  • Do you handle lease extensions on land? (a plot of land in Westgate on Sea with 82yrs remaining)

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