Frequently asked questions relating to Alderley Edge Lease Extensions

  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 928 years balance left so a lease extension is not an issue. 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 the house being ours. Any help would be much appreciated.
  • I am looking to buy a one bedroom apartment in Alderley Edge with a lease of seventy two years but not sure how much it will cost me 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 am a landlord of a block of flats in Alderley Edge, and the leaseholders are in the process of being granted lease extensions. I should hopefully get the money next month. Are there any tax implications, the property is in joint names with my wife ?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I am hoping to extend the lease on my ground floor flat in Alderley Edge I am looking for a local company to calculate the premium. I have a price from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 65 years. I need a at my end. Can you advise please? I live near Alderley Edge and have a mortgage with Godiva Mortgages Ltd.
  • I am in need of some help with a lease extension. I live in Belfast but the property in question is based in Alderley Edge. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • 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?
  • I require an estimate to extend my mother’s lease on a studio flat in Alderley Edge. She recently got a figure from the freeholder for a lease extension but I am unclear whether it is reasonable.

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