Lease Extensions in Whittlesey

Questions and Answers: Whittlesey Lease Extensions

I own a one bed flat in Whittlesey that I now cannot sell due to the lease requiring a lease extension. How long will it take ?

My name´s Aarav. I’m property hunting in Whittlesey I'm thinking about offering on a one bedroom apartment online, with circa 78 years left, how much does it cost on average to get a lease extension by, say, 35 years?

I would like to have my residential flat leasehold extension premium assessed. The flat is in Whittlesey, and my lease will reach sixety one years this Septembmer. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?

I have contacted my freeholder for a lease extension for my flat in Whittlesey. His has been in contact with fees etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started November 1993.

My neighbours and I are in a building containing five flats in Whittlesey 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 thinking about whether to purchase the freehold or a lease extension of my property in Whittlesey and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a refinance with Halifax to release of equity. The broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease began in 1979 and since then the ground rent has been raised from £25.00 per year to £300 per annum.

I own a leasehold apartment in Whittlesey. I have built a huge extension and have not informed my freeholder. What are my options?

Ref a residence in Whittlesey. GFF maisonette. 72 yrs left. I have negotiated a lease extension price of £12,000 for 115yrs. Landlord also requested Initial Notice which I think is a bit over the top. Advice required.

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?

I am currently negotiating a lease extension for my flat in Whittlesey 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?

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