Questions and Answers: Alderley Edge and Wilmslow Lease Extensions

  • My name´s Thomas. I’m flat hunting in Alderley Edge and Wilmslow I'm seeing a studio flat online, with about sixety one years remaining, how much does it cost on average to extend in this area by, say, twenty years?
  • I acquired a property in Alderley Edge and Wilmslow and it has approximately seventy four years balance left. I'd like to arrange a lease extension by twenty years
  • I am about to put an offer in on a three bedroom ground floor purpose built maisonette in Alderley Edge and Wilmslow with a lease of 59 years but not sure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • We are selling our garden flat in Alderley Edge and Wilmslow but we may require a lease extension, or at least cover the costs of our purchaser. Are you able to recommend someone to help us?
  • My co-lessees and I are in a block consisting of five flats in Alderley Edge and Wilmslow and have been offered to buy the freehold for 8k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I invested in buying a garden flat in Alderley Edge and Wilmslow. I am looking for a lease extension on the property. It is approximately 80 years. I would just like to know what your charges are and how long it would take for completion.
  • If a leaseholder 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?
  • Me and my sister have been in discussion with our freeholder after having a valuation on our one bed flat in Alderley Edge and Wilmslow. We have a 69 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she 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 lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I'm intent on acquiring a flat in Alderley Edge and Wilmslow at a price of £195,000 the flat has just under seventy four years left on the lease. I put in an offer subject to the lease being extended... .. that was back in September, expecting I'd be in before Christmas. The seller has just come back saying that they are prepared to knock £4k off if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • I am currently negotiating a lease extension for my flat in Alderley Edge and Wilmslow 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?
  • Other Topics

    Lease Extensions in Alderley Edge and Wilmslow

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