Common questions relating to Writtle Lease Extensions

  • I invested in buying a property in Writtle and it has just under 59 years balance left. I'd like to extend the lease period
  • I am looking to extend the lease on my garden flat in Writtle which will have fivety four years left in August. What fees apply?
  • I have got a leasehold flat in the Writtle area and was curious if I could get a lease extension. What are your processes and charges. Has fivety eight years balance left
  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 899 years balance left so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information would be much appreciated.
  • I'm deliberating over buying a three bed flat (leasehold) but the freeholder has been absent for about 15yrs. I wonder whether it will be less expensive to try to acquire the freehold or to get a lease extension and apply for RTM?
  • My leasehold flat in Writtle is up for sale and I have a hopefully firm offer. There is 79 years to run on the lease and I want a lease extension. What does it cost on average to extend in this location by, say,twenty years
  • I am looking to buy a one bed flat in Writtle for asking price of 145k, which has 64 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • Just been over two years that I have been in my three bed flat in Writtle. I have 65 years left on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 445k. 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 Writtle based or any will do fine?
  • I have sixety three years remaining on my lease of a ground floor flat in Writtle, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I am currently negotiating a lease extension for my flat in Writtle 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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