Willingham Lease Extensions: Q and A’s

  • We are looking for lease extension for our apartment in Willingham and we are confused by the letter that we received from our landlord company. How long will it take?
  • Hi, I stumbled upon your website. I'm looking for prices on what a lease extension will cost for a 2 bed apartment in Willingham. It's up for sale at the moment but has around 59 years remaining on the lease
  • I want to buy a leasehold property and extend the lease. The homeowner has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am about to put an offer in on a maisonette in Willingham with a lease of sixety four years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • My neighbours and I are in a building containing five flats in Willingham and have been offered to buy the freehold for 5k 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?
  • Offer accepted on a a ground floor flat in Willingham, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as eighty years.We are soon to exchange contracts within a week. My query is how is possible that the estate agent got it so wrong?
  • I'm living at mum and dad but have a one bedroom second floor purpose built maisonette in Willingham let out which has a 67 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 Willingham 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 19k. Should I keep or sell the flat?
  • Are you able to provide an estimate to extend my mother’s lease on a studio flat in Willingham. She recently got a price from the landlord for a lease extension but I am not sure it is reasonable.
  • We currently own a one bed flat in Willingham and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 72 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Willingham 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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