Questions and Answers: Woodbridge Lease Extensions

  • My husband and I are thinking about a lease extension for our flat in Woodbridge and we don't fully understand the letter that we received from our landlord company. How long will it take?
  • I have an interest in the freehold of buildings comprising of seven flats each. 2 of the leasehold owners want a lease extension and I'm wondering about the the process
  • We purchased a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Woodbridge and are therefore deliberating the option of a vesting order. Is this something you can help us with?
  • I own a purpose-built apartment in a large development in Woodbridge. The leasehold interest in the apartment on a 101 year lease which commenced from 1 November 1970 with a fixed yearly rent of 20. I wish to obtain a lease extension. Can I talk with someone to go through my options please?
  • My lawyers (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?
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the total cost excluding value added tax and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my one bedroom apartment in Woodbridge
  • Me and my sister are buying a one bedroom ground floor purpose built maisonette in Woodbridge which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our property lawyers to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we must hold on pending registration of the new lease?
  • Me and my fiance are hoping to acquire a flat (a one bedroom apartment located inWoodbridge with share of freehold). During our search, we were always looking at properties that had a minimum 83 years left on the lease. We identified a flat we liked and the estate agent assured that the lease was long albeit not specifying a number. This morning our conveyancing practitioners advised us the lease only has fivety seven years and thus requires a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • Do you handle lease extensions on land? (a plot of land in Woodbridge with 82yrs remaining)
  • I have a lease of 68 years remaining on my flat in Woodbridge. 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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    Lease Extensions in Woodbridge

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