Frequently asked questions relating to Burnley Lease Extensions

  • I acquired a property in Burnley and it has around seventy four years balance left. I'd like to arrange a lease extension by twenty years
  • We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 899 years outstanding so a lease extension is not a concern. 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information would be much appreciated.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Burnley, and my lease will reach sixety seven years this August. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I have contacted my freeholder to extend my lease for my flat in Burnley. Her lawyers has been in contact regarding costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started June 1987.
  • The intention is to sell our garden flat in Burnley but we may require a lease extension, or possibly cover the expense of our purchaser. Are you able to help me find someone to undertake the legal formalities?
  • We are in a building made up three flats in Burnley and have been offered to buy the freehold for £6000 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?
  • I have a leasehold flat in Burnley. I have built a big extension and have not informed the freeholder. What are my options?
  • I am about to view a one bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 79 years left on the lease. It is also a repossession so I'm assuming that the lender will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • Re a leasehold in Burnley. lower maisonette. 68 yrs remaining. I have an agreed lease extension to £12,000 for 135yrs. Landlord also requested Initial Notice which I think should not be necessary. Advice required.
  • Offer accepted on a a garden flat in Burnley, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 85 years.We are about to exchange contracts within a week. My question is Should I tell the homeowner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
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    Lease Extensions in Burnley

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