Questions and Answers: Ashton Under Lyne Lease Extensions

  • My name´s John. I’m property hunting in Ashton Under Lyne I'm considering offering on a ground floor flat online, with about seventy two years left, how much does it cost on average to extend in this area by, say, ninety years?
  • I am considering investing in a second home but it has a lease that expires in eighteen years. Its in Ashton Under Lyne - I wanted to see if with your services it is possible for this to be extended?
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 928 years remaining so a lease extension is not a worry. 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 suggestions would be much appreciated.
  • I plan on buying a flat located in Ashton Under Lyne. The offer is subject to the lease extension. The current owner’s conveyancers has served the Notice of Claim. 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 Coventry Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I have a leasehold flat in Ashton Under Lyne. I have built a large extension and have not informed the freeholder. What should I do?
  • We are looking to extend our lease. We will have been in the flat for two years as of 11th April 2015. It has circa 71 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as possible.
  • My solicitors (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 currently negotiating a lease extension for my flat in Ashton Under Lyne 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my ground floor flat in Ashton Under Lyne
  • I'm looking for some advice with regard to a lease extension on my maisonette in Ashton Under Lyne. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • Other Topics

    Lease Extensions in Ashton Under Lyne

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