Wollaton Lease Extensions

FAQs concerning Wollaton Lease Extensions

I’m looking for lease extension for our flat in Wollaton and we don't fully comprehend the communication that we received from our freehold company. What's your solicitors fee?

I’ve just acquired a garden flat inWollaton and I'm considering extending the lease as soon as I can e.g. in 24 months of ownership

I’m just looking for a one bed flat to buy in the Wollaton area and was curious what the likely fees would be for a lease extension? It has 79 years residual lease term...

I have a lease of 70 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

We are selling our garden flat in Wollaton but we may need to extend the lease, or at least cover the costs of our purchaser. Can you recommend someone to handle this?

I'm thinking of buying a garden flat (leasehold) but the freeholder has been missing for slightly more than 15yrs. I wonder whether it will be cheaper to try to purchase the reversionary title or to get a lease extension and apply for right to manage?

My OH and I are purchasing a garden flat in Wollaton which has share of freehold and a leasehold. The lease was on the short side so the owner commenced dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our to do OS1 search on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it correct that we have to be patient until the lease extension has actually been registered before completing.?

We are hoping to acquire a property (a one bedroom apartment based inWollaton with share of freehold). Throughout our search, we were always looking at properties that had a minimum ninety years left on the lease. We came across a apartment we liked and the selling agent assured that the lease term was not an issue. Yesterday our told us the lease only has 71 years and therefore needs a lease extension. Should we walk 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 am the freeholder of a property in Wollaton and a leaseholder would like a lease extension. Her valuer has provided a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. 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 charges would I be likely to incur?

I have 60 years remaining on my lease of a ground floor flat in Wollaton, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

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