FAQs concerning Chadderton Lease Extensions

  • We have just acquired a studio flat based inChadderton and I'm considering a lease extension as soon as practicable e.g. after a couple of years
  • I bought a one bedroom second floor purpose built flat in Chadderton that I now cannot sell due to the lease needing a lease extension. What's your legal fee ?
  • We hope to sell our one bedroom apartment in Chadderton but we may require a lease extension, or at least cover the expense of our buyers. Are you able to help me find someone to assist?
  • I am concerned that my niece might be having the wool pulled over her eyes. She submitted an offer on a studio flat in Chadderton, where the lease is approximately fivety four years but she was informed by the estate agents that the seller had extended it to 125 years. Only now has she been advised the current owner was waiting for her to appoint conveyancers before commencing with the lease extension. Sounds odd to me, also it could take months to sort it all out. Am I reading too much into it?
  • My partner and I have a first floor flat in Chadderton with fivety seven years unexpired. Ten months ago we were quoted a deal to grant a lease extension for another 25 years but also increase ground rent from nominal to a little more..plus a premium I think of about 9k. Finally we have decided to go ahead but do we now have to start the negotiations again?
  • I am looking to buy a one bed flat in Chadderton for asking price of 125k, which has 74 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 query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 69 years. I need a lawyers at my end. Can you advise please? I live near Chadderton and have a mortgage with TSB.
  • I am the freeholder of a 1930’s property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy six years. What are my next steps?
  • I'm living with my mother and father but have a garden flat in Chadderton let out which has a sixety five 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 Chadderton 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 19k. Not sure sure whether to hold on or sell the flat?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in Chadderton. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the rear garden.
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    Lease Extensions in Chadderton

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