FAQs concerning Broughton In Furness Lease Extensions

  • My partner has a flat located in Broughton In Furness which we have just put on the market. The leasehold has nearly seventy two years unexpired on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • I want to buy a leasehold property and extend the lease. The homeowner has been there over two years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am looking into the costs of carrying out a lease extension for my maisonette in Broughton In Furness, and would like some figures on that.
  • In 2010 I purchased a leasehold apartment in Broughton In Furness. I have built a big extension and have not informed the leaseholder. What should I do?
  • I am a FTB of a leasehold flat in Broughton In Furness. The lease has only 54 years outstanding and ground rent is £50. Is it possible for the homeowner to serve the Initial Notice and then transfer over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the vendor? Unfortunately it’s the case of an absent freeholder, so I am not sure how does it work.
  • I would like some advice on leasehold property buying. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Broughton In Furness area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • We are are hoping to complete on a garden flat in Broughton In Furness which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do OS1 search on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we must hold on until the new lease is registered?
  • I am the freeholder of a property in Broughton In Furness and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has increased this to £10,000 at the drop of a hat. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
  • Are you able to provide an estimate to extend my aunt’s lease on a garden flat in Broughton In Furness. She already has a price from the landlord for a lease extension but I am not sure it is reasonable.
  • I have a lease of sixety two years remaining on my flat in Broughton In Furness. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Broughton In Furness