Wraysbury Lease Extensions: Q and A’s

  • I’m just looking for a studio flat to purchase in the Wraysbury area and was after more information on how much would it cost to extend a lease? It has seventy five years residual lease term...
  • I have been in touch with my freeholder to extend my lease for my flat in Wraysbury. His has been in contact regarding fees etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started February 1985.
  • I am looking to either purchase the freehold or a lease extension of my property in Wraysbury and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Coventry Building Society to free up equity. My adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease commenced in 1991 and since then the ground rent has increased from £38.00 per year to £125 per annum.
  • I'm looking for a flat to purchase in Wraysbury and I'm not really familiar with the leasehold concept. I've identified a place I like with a 87 years lease. My research reveals that I can go for a lease extension after 2 years, but:- Should I anticipate any issue with the mortgage?
  • Offer accepted on a a maisonette in Wraysbury, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer in writing through the post which states the lease as 82 years.We are about to exchange contracts in a couple of days. My query is why has this only just come to my attention by my ?
  • I am in need of a lease extension for my flat in Wraysbury and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am the owner of a purpose-built flat in a large block in Wraysbury. The leasehold interest in the apartment on a 101 year lease started on 21st November 1972 with a set ground rent of £15 per annum. I would like to obtain a lease extension. Is it possible for me to talk with someone to discuss my options please?
  • Just been over two years that I have owned my garden flat in Wraysbury. I have 67 years remaining on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 425k. 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: Is there a benefit in getting a Wraysbury based or any will do fine?
  • I'm looking at acquiring an apartment in Wraysbury valued at £210,000 the flat has approaching 70 years remaining on the lease. I put in an offer subject to a lease extension... .. that was back in September, expecting I'd have completed by Christmas. They have just come back saying they'll reduce the price by£8k if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • My wife and I are aware that others in the same block had already had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation fees. Would you suggest this course of action?

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