Frequently asked questions relating to Wingate Lease Extensions

  • Hello, I am looking somewhere around or in Wingate 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I have got a leasehold flat in the Wingate area and was curious if I could get a lease extension. What are your processes and charges. Has fivety six years balance left
  • I am looking at investing in a holiday home but it has a lease that expires in 14 years. Its in Wingate - I wanted to see if with your services it is possible for this to be extended?
  • I am looking to either purchase the freehold or a lease extension of my property in Wingate and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Barclays to release of equity. My adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease began in 1972 and since then the ground rent has increased from £15.00 per year to £200 per annum.
  • I am considering bidding for an auction property and identified a two bed flat in Wingate. It only has a fifty-one year lease..the seller as mortgagees in possession dont want to mess around with applying for a lease extension..what are the drawbacks of this other than the costly fee to extend the lease and decreased chance of obtaining a mortgage with Aldermore?
  • I am looking to buy a one bed flat in Wingate for asking price of 156k, which has 72 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I own a purpose-built flat located in a large development in Wingate. The leasehold interest in the apartment on a 101 year lease which commenced on 2nd October 1980 with a fixed yearly rent of 45. I wish to obtain a lease extension. Is it possible for me to talk with someone to discuss my options please?
  • I own the freehold reversion of a property in Wingate and a leaseholder has requested a lease extension. Her valuer has provided a figure of £9,000, but has increased this by £2,000 without too much effort. My valuer has recommended a much higher amount. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what fee would I be likely to incur?
  • My father is aware that others in the same block had already had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation fees. Would you recommend such a course of action?
  • I am currently in the process of refinancing my 2 bed flat in Wingate and the bank that I am looking to switch to requires a minimum 80 years on the leasehold of my property in order for them to progress matters. I have found that I currently have around 77 years on the leasehold so require some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • Other Topics

    Lease Extensions in Wingate

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