Top Ten Questions relating to Woodcote Lease Extensions

  • I agreed with the freeholder for a lease extension on our flat based in Woodcote, 15k for an additional 90yrs. How long will it take ?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 68 years outstanding.
  • I own a leasehold flat in Woodcote. I have built a large extension and have not informed the leaseholder. What should I do?
  • My flat in Woodcote is up for sale and I have a hopefully firm offer. There is eighty one years left on the lease and I want to extend the lease. What will it likely cost to extend in this area by, say,ninety years
  • I am in need of some help with a lease extension. I live in Belfast but the property in question is based in Woodcote. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm living at mum and dad but have a one bedroom first floor purpose built flat in Woodcote let out which has a 58 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Woodcote for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?
  • Me and my partner have been in discussion with our freeholder after having a valuation on our garden flat in Woodcote. We have a seventy six year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I own the freehold reversion of a property in Woodcote where the leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £8,000, but has increased this to £10,000 without too much effort. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?
  • I am currently negotiating a lease extension for my flat in Woodcote 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?
  • We have a one bedroom apartment in Woodcote with a lease of sixety seven years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Woodcote

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