FAQs concerning Winslow Lease Extensions

  • I bought a property in Winslow and it has nearon 58 years left. I'd like to extend the lease period
  • Hello. I need a to review my lease extension ahead of it being signed just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor amendments.
  • I plan on buying a flat located in Winslow. The offer is subject to the lease extension. The flat owner’s has given to the freeholder the Section 42 Notice. 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 Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • I'm thinking of purchasing a two bedroom first floor purpose built maisonette (leasehold) but the freeholder has been absent for approximately 15yrs. I wonder whether it will be cheaper to try to purchase the reversionary title or to get a lease extension and apply for RTM?
  • I am a FTB of a leasehold flat in Winslow. The lease has just 60 years outstanding and ground rent is £95. Is it possible for the homeowner to serve the Initial Notice and then assign over the right to me as the buyer on the day of completion so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the vendor? To add to the complexity it’s the case of an absent freeholder, so I am not sure how this will play out.
  • We have a residential flat in Winslow with 55 years left. Last year we were quoted a deal to have a lease extension for another 25 years but also increase ground rent from notional to a little more..plus a premium I think of approximately 14k. Finally we have decided to go ahead but do we now have to start the negotiations again?
  • My OH and I have been in discussion with our freeholder after having a valuation on our garden flat in Winslow. We have a seventy seven year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she 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 our behalf.
  • Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Winslow for a two bed flat - sec 42 having been issued?
  • Are you able to provide an estimate to extend my aunt’s lease on a one bed flat in Winslow. She recently got a price from the landlord for a lease extension but I am unclear whether it is too expensive.
  • Do you handle lease extensions on land? (a plot of land in Winslow with 82yrs remaining)

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