Ardwick Lease Extensions

Frequently asked questions relating to Ardwick Lease Extensions

I agreed with the head landlord for a lease extension on our flat in Ardwick, 8.5k for an additional 90yrs. Are you able to assist us with this situation ?

I purchased a maisonette in Ardwick with a leasehold unexpired of sixety two years. I am wondering about what I will need to spend to extend my lease

I am about to put an offer in on a one bed flat in Ardwick with a lease of sixety eight years but unsure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.

I am the owner of a maisonnette and the freehold. The owners of the upstairs flat have asked to extend the lease what do I need to do?

I'm considering purchasing a one bed flat (leasehold) but the freeholder has been absent for roughly 15yrs. My question is would it be cheaper to try to acquire the freehold or to extend lease and apply for right to manage?

I am looking to either purchase the freehold or a lease extension of my property in Ardwick and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with The Royal Bank of Scotland to release of equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease commenced in 1991 and since then the ground rent has been raised from £38.00 per annum to £300 per year.

I am a first time buyer of a leasehold flat in Ardwick. The lease has just 67 years outstanding and ground rent is £50. Is it possible for the seller to serve the Section 42 Notice and then assign over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the seller? To add to the complexity it’s the case of an absent landlord, so I am not sure how does it work.

My mortgage lender is requesting a £600 fee for their for a "deed of substituted security" for the lease extension for my flat in Ardwick... I am unable to find any mention of this in my mortgage guide... is this a normal cost that they charge?

I intend to buy a one bed flat in Ardwick for asking price of 156k, which has seventy six 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 landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

I do not need a lease extension but I do require a vesting order on a property I want to buy in Ardwick. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the garden area.

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