Lease Extensions in Whitnash

Whitnash Lease Extensions: Q and A’s

So this is the scenario: I inherited a one bedroom first floor purpose built maisonette in Whitnash that I now cannot sell as a result of the lease needing a lease extension. How long will it take ?

I want to buy a leasehold property and extend the lease. The owner has been there for three 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 ?

My co-lessees and I are in a building consisting of four flats in Whitnash and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

I am considering bidding for an auction property and came upon a studio flat in Whitnash. It has just fifty year lease..the seller as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and decreased chance of obtaining a mortgage with Aldermore?

I am looking for advice as I am interested in a property that has only a seventy one year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

Coming up to 2 years that I have owned my three bedroom ground floor purpose built flat in Whitnash. I have 57 years remaining on the lease. I am now wanting to buy a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Whitnash based or any will do fine?

My fiance and I are hoping to purchase a home (a garden flat located inWhitnash with share of freehold). During our search, we were always looking at flats that had at least 83 years balance left. We identified a flat we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. This morning our told us the lease only has fivety seven years and thus requires a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

We currently own a two bedroom ground floor purpose built flat in Whitnash 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 fivety seven 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. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

I have a lease of 75 years remaining on my flat in Whitnash. 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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