Questions and Answers: Biddulph Lease Extensions

  • So this is the scenario: I bought a one bedroom apartment in Biddulph that I am now unable to sell due to the lease requiring a lease extension. Can you please help me with this situation ?
  • 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?
  • We are selling our garden flat in Biddulph but we may require a lease extension, or at least cover the expense of our buyers. Can you help me find a to undertake the legal formalities?
  • The terms for the lease on my apartment in Biddulph are 101 years from 15 Sep 1980. Please supply me me a quote for a lease extension if I give you more details please?
  • I am looking into the costs of carrying out a lease extension for my 2 bed flat in Biddulph, and would like some figures on that.
  • My mortgage provider is requesting several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Biddulph... I can find no mention of this in my mortgage booklet... is this a usual cost that they charge?
  • If somebody owns a flat with a lease of less than 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 extending the lease?
  • We are hoping to purchase a home (a maisonette located inBiddulph with share of freehold). During our search, we were always looking at flats that had a minimum ninety years outstanding. We came across a apartment we liked and the estate agent promised us that the lease term was not an issue. This morning our advised us the lease only has seventy six years and therefore requires a lease extension. Do we run away, or should we negotiate our offer?
  • I have 65 years remaining on my lease of a ground floor flat in Biddulph, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • Do you handle lease extensions on land? (a plot of land in Biddulph with 82yrs remaining)

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