Common questions relating to Woking Lease Extensions

  • I am looking for a in Woking and they need to be on the Nationwide Building Society approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend a ?
  • The terms for the lease on my apartment in Woking are 99 years from 1 Jan 1988. Can you give me a quote to extend the lease if I give you more specifics please?
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Woking and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with Accord Mortgages Ltd to release of equity. My broker handling the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease started in 1972 and since then the ground rent has increased from £38.00 per year to £300 per year.
  • I am looking at purchasing an auction property and found a studio flat in Woking. It has just fifty-one year lease..the seller being mortgagees in possession dont want the aggravation of seeking a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and reduced chance of getting a mortgage with Britannia?
  • My husband and I have a leasehold flat in Woking with 75 years unexpired. Last year we were quoted a deal to receive a lease extension for a further 25 years but also increase ground rent from notional to a little more..plus a premium I think of approximately 14k. We have now decided to move forward but do we now have to renegotiate?
  • I own a share of the freehold. There are three apartments in the house. All the leaseholders are now requiring lease extensions. Are you able to assist us with this situation?
  • We are proceeding with a purchase of a garden flat in Woking. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy six years remaining prior to extension). The sales particulars stated "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The current owner apparently has a quote but no money to extend and consequently the owner wants to exchange and use the deposit monies for the lease extension. My question is is it not odd that my failed to spot this far earlier than just before exchange?
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 67 years. I need a at my end. Can you advise please? I live near Woking and have a mortgage with Accord Mortgages Ltd.
  • We are hoping to purchase a property (a maisonette based inWoking with share of freehold). During our search, we were always looking at apartments that had at least ninety years left. We identified a place we liked and the estate agent assured that the lease was long albeit not specifying a number. Today our informed us the lease only has 76 years and thus needs a lease extension. Should we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I require an estimate to extend my mum’s lease on a garden flat in Woking. She recently got a price from the landlord for a lease extension but I am not sure it is too high.

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