Sample questions relating to Wick Lease Extensions
Me and my husband are looking for lease extension for our ground floor flat in Wick and we are confused by the letter that we got from our freehold company. How long will it take?
I am looking at investing in a holiday home but it has a lease that expires in 14 years. Its in Wick - I wanted to see if with your services it is possible for this to be extended?
I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has seventy years outstanding.
My neighbours and I are in a building made up three flats in Wick and have been offered to buy the freehold for 7k 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 looking into the costs of carrying out a lease extension for my garden flat in Wick, and would like some figures on that.
Regarding a property in Wick. lower maisonette. 79 yrs unexpired. I have an agreed lease extension to £14k for 125yrs. Landlord also insisted on Section 42 Notice which I think should not be necessary. Can you assist.
My conveyancers (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?
My fiance and I would like to know the cost of a lease extension valuation for a property based in Wick. Would you be able to help?
If somebody owns a flat with a lease of under 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 wife and I are aware that others in the same block had already had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of not having formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Would you suggest this course of action?