Lease Extensions in Woodborough

Frequently asked questions relating to Woodborough Lease Extensions

I own a flat in Woodborough with a leasehold unexpired just under 56 years and need to extend it. Please can you clarify the next stages

I am fairly sure that our lawyers has advised us incorrectly concerning a lease extension and I want to find out how to go about making a formal complaint

I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leasehold owners want to extend their leases and I'm wondering about the procedure for this

I am the registered owner of a one bedroom apartment located in Woodborough with a leasehold unexpired of 62 years. I am curious about how much it will cost me to extend my lease term

I have a share of the freehold. There are three flats in the block. All the leaseholders are now requiring lease extensions. Are you able to assist us with this situation?

Me and my wife have owned a leasehold flat for around eighteen years. It now has sixety years unexpired lease on the lease. Following a year of protracted negotiations through my conveyancers and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to a Tribunal and would welcome advice.

Me and my OH would like to know the cost of a lease extension valuation for a property based in Woodborough. Would you be able to help?

Coming up to two years that I have been in my garden flat in Woodborough. I have 63 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 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?

If somebody owns a flat with a lease of less than 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 have seventy two years remaining on my lease of a ground floor flat in Woodborough, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

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