Woodley Lease Extensions: Q and A’s

  • My wife has an apartment based in Woodley which we have just put on the market. The leasehold has roughly 79 years residual lease term on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Many thanks.
  • I'm wanting to make an offer on a house in Woodley but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Barnsley Building Society giving us the mortgage now?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • My partner and I are considering purchasing a studio flat in Woodley which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
  • I would like some advice on leasehold property buying. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Woodley area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • My wife and I have owned a leasehold flat for about eighteen years. It now has seventy seven years unexpired lease on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.
  • I am planning to extend the lease on my one bedroom apartment in Woodley I am looking for a local company to calculate the premium. I have a price from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm looking at purchasing a flat in Woodley valued at £210,000 the flat has approaching 69 years left on the lease. I put in an offer subject to a lease extension... .. that was back in August, hoping I'd have completed before Christmas. The owner has just informed me that they are prepared to reduce the price by£8k if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
  • I am currently negotiating a lease extension for my flat in Woodley 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?
  • Do you handle lease extensions on land? (a plot of land in Woodley with 82yrs remaining)

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