Frequently asked questions relating to Wollaston Lease Extensions

  • My partner has an apartment in Wollaston which we have just put on the market. The leasehold has roughly fivety seven years unexpired on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Many thanks.
  • I am looking for a in Wollaston and they should be on the Chelsea Building Society approved conveyancers panel as we need a lease extension and remortgage simultaneously. Can you recommend a ?
  • I am looking to either purchase the freehold or a lease extension of my property in Wollaston and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Barnsley Building Society to free up equity. The adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease commenced in 1981 and since then the ground rent has increased from £25.00 per year to £300 per year.
  • I'm looking for an apartment to buy in Wollaston and I'm not really familiar with the leasehold title. I've identified a garden flat I like with a 82 years lease. My research reveals that I can get a lease extension having owned the property for 2 years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
  • Re a residence in Wollaston. upper maisonette. fivety six yrs left. I have an agreed lease extension to £20k for 135yrs. Landlord also requested Section 42 Notice which I think should not be necessary. Can you assist.
  • We are considering buying a ground floor flat in Wollaston which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My dad has a share of freehold, with two other leaseholders in a building in Wollaston. House converted into three flats. He has a lease, which has nearon 77 yrs outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I'm intent on purchasing a flat in Wollaston valued at £210,000 the flat has something like sixety two years unexpired on the lease. My offer was conditional upon the lease being renewed... .. that was back in September, hoping I'd be in before now. The seller has just come back saying that they are prepared to reduce the price by£2k if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • I am planning on refinancing my one bed flat in Wollaston and the mortgage company that I am looking to switch to needs a minimum 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around 66 years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process

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