Lease Extensions in Woolavington

Top Ten Questions relating to Woolavington Lease Extensions

I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 60 years outstanding.

The terms for the lease on my flat in Woolavington are 99 years from 12 Feb 1988. Please give me a quote for a lease extension if I give you more specifics please?

What will it cost me and what is the best way to start the lease extension process? I have approximately sixety years remaining on my lease on a studio flat in Woolavington. I have contacted the managing agents who act on behalf of the landlord and they provided me with the number of the valuer. I telephone the valuer but I am not receiving any calls back.

I have my suspicions that my daughter might have had the wool pulled over her eyes. She put in an offer on a one bedroom apartment in Woolavington, where the lease is nearly 57 years but she was told by the selling agents that the owner had extended it to 125 years. She has now been advised the owner was waiting for her to appoint conveyancers ahead of instigating the lease extension. Seems devious, also it will take a while to sort it all out. What do you think?

My (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?

We have owned a leasehold flat for about twenty years. There are 61 years outstanding on the lease. After a year of protracted negotiations through my 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 appreciate some independent thoughts.

Coming up to 2 years that I have been in my 2 bed flat in Woolavington. I have 64 yrs left on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 450k. 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: In terms of surveyors - how do I go about finding one?

I'm intent on buying a flat in Woolavington valued at £210,000 the flat has approximately 57 years unexpired on the lease. My offer was subject to a lease extension... .. that was back in August, hoping I'd have completed before Christmas. The owner has just informed the agent that they are prepared to reduce the price by£2k if I deal with the lease extension myself. I'm unsure whether that's a good idea

My brother and I are in the throws of buying a home (a garden flat based inWoolavington with share of freehold). During our search, we were always looking at apartments that had at least 84 years balance left. We found a place we liked and the selling agent assured that the lease term was not an issue. This morning our advised us the lease only has 67 years and therefore needs a lease extension. Do we walk away, or should 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?

I am currently negotiating a lease extension for my flat in Woolavington 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?

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