Wymondham Lease Extensions Example Support Desk Enquiries

  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has sixety six years remaining.
  • 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?
  • I am about to view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has fivety six years balance left on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • I am thinking about purchasing an auction property and identified a two bed flat in Wymondham. It only has a fifty-one year lease..the current owner being mortgagees in possession dont want the aggravation of seeking a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and reduced chance of obtaining a mortgage with Bank of Ireland?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I initiate the process, is this correct?
  • I am the owner of a purpose-built flat located in a small development in Wymondham. The leasehold interest in the flat on a 101 year lease which commenced on 1 January 1980 with a fixed yearly rent of 20. I would like to obtain a lease extension. Can I call someone to go through my options please?
  • I'm living with my mum and dad but have a garden flat in Wymondham let out which has a 65 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Wymondham for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • My partner and I have been in discussion with our freeholder after having a valuation on our studio flat in Wymondham. We have a 58 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I own the freehold of a couple of flats. Someone has the lease on the lower flat in Wymondham. I occupy in the top flat. I was looking at the land registry documents today when I noticed that my flat has a lease on it. There is fivety four years unexpired. Is it possible to carry out a lease extension without instructing a ?
  • 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 Wymondham

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