Questions and Answers: Wimborne Lease Extensions

  • I acquired a flat in Wimborne with a leasehold unexpired approximately 66 years and need a lease extension. Please can you clarify the next steps
  • I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has fivety six years unexpired
  • I am looking into the costs of carrying out a lease extension for my garden flat in Wimborne, and would like some figures on that.
  • I need to talk to you about a flat in Wimborne, I am considering bidding at auction next month. The flat only has a few years unexpired lease and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • I am concerned that my niece might be having the wool pulled over her eyes. She submitted an offer on a garden flat in Wimborne, where the lease is slightly more 57 years but she was told by the estate agents that the flat owner had extended it to 125 years. She has now been told the homeowner was waiting for her to appoint solicitors ahead of instigating the lease extension. Sounds underhand, also it may take time to sort it all out. Am I reading too much into it?
  • I'm living with my mother and father but have a one bedroom second floor purpose built flat in Wimborne let out which has a fivety nine 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 Wimborne 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. Not sure sure whether to hold on or sell the flat?
  • We have been in discussion with our freeholder after having a valuation on our garden flat in Wimborne. We have a 70 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • My nephew knows that others in the same building had already had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on previous prices . This would save on double valuation charges. Would you suggest such a course of action?
  • I have seventy six years remaining on my lease of a ground floor flat in Wimborne, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I am currently negotiating a lease extension for my flat in Wimborne 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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