Common questions relating to Aintree Lease Extensions

  • I am seeking a lease extension for our ground floor flat based in Aintree and we are confused by the letter that we got from our landlord company. How long will it take?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 899 years 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 25 years without owning the property. Any guidance would be much appreciated.
  • I am looking to buy a ground floor flat in Aintree with a lease of 71 years but not sure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • 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 would like to have my residential flat leasehold extension premium valued. The flat is in Aintree, and my lease will reach fivety nine years this March. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I am going to purchase a flat located in Aintree. My offer is conditional upon a lease extension. The homeowner’s has served 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 Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • The terms for the lease on my apartment in Aintree are 101 years from 1 Sep 1988. Please supply me me a quote for a lease extension if I give you more specifics please?
  • My partner and I are considering buying a garden flat in Aintree which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
  • I am seeking advice as I am interested in a property that has only a sixety eight year lease and therefore requires a lease extension. Is it possible for me to call someone to go through my options please?
  • I have a lease of 77 years remaining on my flat in Aintree. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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