FAQs concerning Biddulph Lease Extensions

  • Hello. I need a to have a look at my lease extension prior to it being completed just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor amendments.
  • I have contacted my freeholder to extend my lease for my flat in Biddulph. His has been in contact concerning charges etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started March 1990.
  • My neighbours and I are in a block consisting of five flats in Biddulph and have been offered to buy the freehold for £5000 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?
  • We are the registered owners of a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Biddulph and are therefore considering the option of a vesting order. Is this something you can help us with?
  • I am concerned that my niece is being hoodwinked. She submitted an offer on a garden flat in Biddulph, where the lease is about fivety six years but she was advised by the selling agents that the homeowner had extended it to 99 years. Only now has she been informed the flat owner was holding off for her to appoint lawyers prior to commencing with the lease extension. Seems underhand, also it will take time to sort it all out. Am I reading too much into it?
  • My mortgage provider is requesting a £450 fee for their to agree a lease extension for my flat in Biddulph... I am unable to find any mention of this in my mortgage literature... is this a standard charge?
  • Me and my wife are proceeding with buying a maisonette in Biddulph. I was advised that the lease had been lengthened (seventy one years unexpired lease prior to extension). The description on the listing said "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The owner apparently has a quote but no funds to extend and consequently the flat owner intends to exchange and use the my deposit for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • Me and my wife have owned a leasehold flat for approximately eighteen years. There are sixety three years left on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.
  • I am hoping to extend the lease on my one bed flat in Biddulph I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • If a leaseholder 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 doing it?

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