Top Ten Questions relating to Wolvey Lease Extensions

  • We agreed with the landlord for a lease extension on our flat in Wolvey, 15k for an extension by 90yrs. What's your solicitors fee ?
  • My name´s Benjamin. I’m flat hunting in Wolvey I'm thinking about offering on a three bedroom first floor purpose built flat online, with circa 61 years outstanding, how much will it likely cost to extend in this location by, say, fifty years?
  • I think our has advised us incorrectly concerning a lease extension and I want to find out how to complain
  • I will soon view a two bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 69 years left on the lease. It is also a repo so I'm assuming that the bank will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • I am a FTB of a leasehold flat in Wolvey. The lease has only 76 years remaining and ground rent is £75. Is it possible for the vendor to serve the Notice of Claim and then transfer this right to me as the buyer once I complete the buying process so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the flat owner? Unfortunately it’s the case of an absent freeholder, so I am not sure how this will play out.
  • I am considering purchasing an auction property and identified a studio flat in Wolvey. It has just fifty-one year lease..the seller being mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and decreased chance of getting a mortgage with Virgin Money?
  • 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?
  • I am planning to extend the lease on my three bedroom second floor purpose built flat in Wolvey I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • My and my husband know that others in the same building previously had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation charges. Would you suggest this course of action?
  • I am currently negotiating a lease extension for my flat in Wolvey as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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