Burslem Lease Extensions Example Support Desk Enquiries

  • So this is the scenario: I bought a maisonette in Burslem that I now cannot sell due to the lease needing a lease extension. Can you please help me with this situation ?
  • I need to extend my existing lease can you help me with that? I think it has sixety four years remaining
  • I acquired a maisonette based in Burslem with a leasehold unexpired of 71 years. I am enquiring about what it will cost me to extend my leasehold
  • I am going to purchase a flat in Burslem. The offer is subject to the lease extension. The flat owner’s 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 Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • My mortgage lender requires a £500 fee for their to approve the lease extension deed for my flat in Burslem... I can find no mention of this in my mortgage contract... is this a usual charge?
  • I intend to buy a one bed flat in Burslem for asking price of 156k, which has fivety six years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm living with my mother and father but have a one bedroom ground floor purpose built maisonette in Burslem let out which has a 65 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Burslem for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?
  • Coming up to 2 years that I have owned my maisonette in Burslem. I have sixety seven yrs remaining on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • My and my husband know that others in the same block had already had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?
  • I'm looking for some advice with regard to a lease extension on my three bedroom first floor purpose built flat in Burslem. 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. Can you recommend a good who specialises in lease extensions?

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