Recently asked questions relating to Whitehaven Lease Extensions

  • Hi, I stumbled across your site. I'm seeking prices on what a lease extension will cost for a studio flat located in Whitehaven. It's up for sale at the moment but has about 65 years left on the lease
  • I am looking to extend the lease on my ground floor flat in Whitehaven which will have 70 years remaining in August. What fees are applicable?
  • 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?
  • I acquired a one bed flat in Whitehaven. The start date for the lease was in 1998 for 99 years. Now I am wanting for a lease extension. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • I would like some guidance on leasehold property buying. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Whitehaven area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • My OH and I are acquiring a studio flat in Whitehaven which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced dealing with a lease extension. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a pre-completion search on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it right that we must hold on until the new lease is registered?
  • I'm looking for some help concerning a lease extension on my maisonette. The plan is to do this sometime next year as we have 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 LVT route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • I am planning on refinancing my maisonette in Whitehaven and the next lender that I am looking to move to requires at least 80 years remaining on the lease in order for them to progress matters. We currently have around 64 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • I have a lease of 76 years remaining on my flat in Whitehaven. 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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