Questions and Answers: Wombwell Lease Extensions

  • I’ve just completed on a one bedroom apartment inWombwell and I'm deliberating a lease extension as soon as practicable e.g. in two years
  • Do you only advise on lease extensions in Wombwell? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a .
  • I will soon view a two bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 56 years residual lease term on the lease. It is also a repossession so I'm assuming that the bank will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • Ref a property in Wombwell. GFF maisonette. 67 yrs remaining. I have negotiated a lease extension price of £14k for 125yrs. Freeholder also insisted on Section 42 Notice which I think should not be necessary. Can you assist.
  • I am seeking advice as I am interested in a property that has only a 69 year lease and therefore requires a lease extension. Is it possible for me to call someone to go through my options please?
  • I am the freeholder of a Victorian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety nine years. What are my next steps?
  • Coming up to two years that I have been in my maisonette in Wombwell. I have fivety seven years unexpired lease on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. 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 goes to the tribunal etc)?
  • If somebody 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 am planning on refinancing my garden flat in Wombwell and the mortgage company that I am looking to switch to needs at least 85 years on the leasehold of my property in order for them to progress matters. I have discovered that I currently have around seventy six years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
  • I have a lease of 70 years remaining on my flat in Wombwell. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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