Sample questions relating to Wolston Lease Extensions

  • I have got a leasehold flat in the Wolston area and was curious whether I could get a lease extension. What are your processes and fees. There are sixety five years left
  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 798 years residual lease term so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any feedback would be much appreciated.
  • I am about to put an offer in on a one bed flat in Wolston with a lease of 69 years but unsure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am looking into the costs of carrying out a lease extension for my GFF in Wolston, and would like some figures on that.
  • We have owned a leasehold flat for around fifteen years. It now has seventy eight years left on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 62 years. I need a at my end. Can you advise please? I live near Wolston and have a mortgage with Lloyds TSB Bank.
  • Just been over two years that I have owned my garden flat in Wolston. I have 67 yrs unexpired lease on the lease. I am now wanting to buy a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
  • I'm looking for some help concerning extending the lease on my maisonette. The intention is to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • My daughter is concerned about getting a lease extension from an objectionable freeholder. Even though the legal procedures were followed under the appropriate legislation, the freeholder still attempted to charge ground rent of £300 doubling every 25 years of the new lease. Can you assist?

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