FAQs concerning Woolton Lease Extensions

  • I plan on buying a flat located in Woolton. The offer is conditional upon a lease extension. The seller’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Barclays . Moreover, which are the following lease extension steps to complete the purchase?
  • I have a leasehold apartment in Woolton. I have built a big extension and have not informed my leaseholder. What should I do?
  • I am about to view a two bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 77 years outstanding on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • My wife and I have a ground floor flat in Woolton with 56 years unexpired. Ten months ago we were quoted a deal to receive a lease extension for another fifty years but also increase ground rent from notional to £250 per year..plus a premium I think of about 10k. We have now decided to go ahead but do we now have to renegotiate?
  • I am the freeholder of a 1930’s property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 66 years. What are my next steps?
  • I am in need of some help with a lease extension. I live in Belfast but the property in question is based in Woolton. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to buy in Woolton. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the garden area.
  • If somebody owns a flat with a lease of under 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 doing it?
  • Hi I own the freehold title in a 3 bedroom flat in Woolton. The leaseholder has a seventy year lease and would like to purchase another 125 years. She is offering me £21,000 but I am not sure if this is in the right ballpark
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Woolton

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