Examples of recent questions relating to Lease Extensions in Cheddleton

  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 798 years balance left so a lease extension is not required. 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 help would be much appreciated.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I invested in buying a studio flat in Cheddleton. I am looking for a lease extension on the property. It is circa eighty years. I would just like to know what your charges are and how long it would take for completion.
  • In 2012 I purchased a leasehold flat in Cheddleton. I have built a big extension and have not informed the leaseholder. What should I do?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I initiate the process, is this correct?
  • I'm living with my mother and father but have a one bed flat in Cheddleton let out which has a 54 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 Cheddleton 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 13k. Not sure sure whether to hold on or sell the flat?
  • Just a quick one, how much are the legal fees for a lease extension on a residential property in Cheddleton for a one bed flat - section 42 having been issued?
  • We are in the throws of buying a property (a garden flat located inCheddleton with share of freehold). Throughout our search, we were always looking at flats that had at least 83 years balance left. We came across a apartment we fell in love with and the estate agent assured that the lease term was not an issue. Today our advised us the lease only has 71 years and therefore requires a lease extension. Should we run away, or do we negotiate our offer?
  • My friend is worried about obtaining a lease extension from a difficult freeholder. Even though the legal procedures were followed under the appropriate legislation, the freeholder still tried to charge ground rent of £250 doubling every twenty years of the new lease. Can you help?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my ground floor flat in Cheddleton

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