FAQs concerning Wolvey Lease Extensions

  • So this is the scenario: I inherited a studio flat in Wolvey that I am finding difficult to sell due to the lease needing a lease extension. Are you able to help me with this situation ?
  • I need to extend my current lease can you help me with that? I think it has seventy one years outstanding
  • I am interested in getting a lease extension for a flat in Wolvey and want to use a local . Are you able to help me find a ?
  • I acquired a maisonette based in Wolvey with a leasehold unexpired of sixety five years. I am curious about what I will need to spend to extend my lease
  • I am looking to buy a one bed flat in Wolvey for asking price of 125k, which has 68 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • I know that others in the same building had already had a lease extension, and the landlord was reasonable. Therefore is seems worth taking risk of not having formal valuation and base the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?
  • Are you able to provide an estimate to extend my aunt’s lease on a garden flat in Wolvey. She recently got a figure from the landlord for a lease extension but I am unclear whether it is reasonable.
  • We currently own a studio flat in Wolvey and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety three years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • I have sixety four years remaining on my lease of a ground floor flat in Wolvey, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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