FAQs concerning Wick Lease Extensions

  • I have got a leasehold flat in the Wick area and was enquiring whether I could get a lease extension. What are your processes and charges. There are fivety six years remaining
  • I am a first time buyer of a leasehold flat in Wick. The lease has only seventy four years remaining and ground rent is £50. Is it possible for the owner to serve the Initial Notice and then transfer this right to me as the buyer on the day of completion so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the current owner? To add to the complexity it’s the case of an missing landlord, so I am not sure how this will play out.
  • Are you able to advise on how much it would charges and the best way to get a lease extension started? I have slightly more than 72 years outstanding and I own a three bed flat in Wick.
  • My mortgage lender is requesting a £500 fee for their conveyancers to agree a lease extension for my flat in Wick... I am unable to find any mention of this in my mortgage guide... is this a standard charge?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • I am the freeholder of a Georgian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 60 years. What are my next steps?
  • I am in need of some help with a lease extension. I live in Edinburgh but the flat in question is based in Wick. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Just a quick question, how much are the legal fees for a lease extension on a residential property in Wick for a two bed flat - section 42 is already served?
  • I am currently in the process of remortgaging my garden flat in Wick and the new lender that I am looking to move to requires at least 85 years on the leasehold of my property in order for them to progress matters. I have discovered that I currently have around fivety six years on the leasehold so require some advice, guidance, and some quotes to set the wheels in motion for a lease extension
  • I have a lease of sixety seven years remaining on my flat in Wick. 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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    Lease Extensions in Wick

    Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Wick