FAQs concerning Wide Open Lease Extensions

  • I purchased a flat in Wide Open with a leasehold unexpired just under fivety five years and need to extend it. Please can you clarify the next stages
  • I am looking to extend the lease on my garden flat in Wide Open which will have seventy nine years left in June. What fees are applicable?
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has fivety eight years balance left
  • I am going to purchase a flat in Wide Open. My offer is subject to the lease extension. The current owner’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender The Royal Bank of Scotland. Moreover, which are the following lease extension steps to complete the purchase?
  • I own a purpose-built apartment based in a large block in Wide Open. The leasehold interest in the flat on a 99 year lease which commenced from 1 January 1972 with a fixed yearly rent of 35. I would like to obtain a lease extension. Is it possible for me to call someone to go through my options please?
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around sixety eight years. I need a at my end. Can you advise please? I live near Wide Open and have a mortgage with Alliance & Leicester .
  • I'm living with my mother and father but have a maisonette in Wide Open let out which has a 72 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Wide Open for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • Just been over two years that I have been in my two bedroom ground floor purpose built maisonette in Wide Open. I have seventy eight years unexpired lease on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 445k. 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: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Wide Open
  • I have a lease of 75 years remaining on my flat in Wide Open. 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?

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