Questions and Answers: Wilford Lease Extensions

  • I'm planning to make an offer on a house in Wilford but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect TSB giving us the mortgage now?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I have contacted my freeholder to extend my lease for my flat in Wilford. Her has been in contact regarding fees etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started April 1984.
  • My mortgage provider is requesting a £450 fee for their for a "deed of substituted security" for the lease extension for my flat in Wilford... I am unable to find any mention of this in my mortgage contract... is this a standard charge?
  • My leasehold flat in Wilford is up for sale and I have a hopefully firm offer. There is 79 years unexpired on the lease and I want a lease extension. How much does it cost on average to extend in this area by, say,twenty years
  • I own a share of the freehold. There are three flats in the house. All the leaseholders are now requiring lease extensions. What are the timescales to grant a lease extension?
  • I am the freeholder of a Edwardian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 77 years. What are my next steps?
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Wilford for a three bed flat - sec 42 having been issued?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my studio flat in Wilford
  • We have a three bed flat in Wilford with a lease of sixety three years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?

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