Frequently asked questions relating to Clayton Lease Extensions

  • My OH and I are seeking a lease extension for our garden flat based in Clayton and we don't fully comprehend the communication that we got from our freehold company. What's your legal fee?
  • I own a leasehold flat in the Clayton area and was curious whether I could get a lease extension. What are your processes and fees. There are 57 years outstanding
  • I'm planning to make an offer on a house in Clayton but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Nationwide Building Society giving us the mortgage now?
  • I want to buy a leasehold property and lease extension. The current owner has been there for four years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • The intention is to sell our one bed flat in Clayton but we may need to extend the lease, or at least cover the costs of our purchaser. Are you able to recommend a to assist?
  • I would like to know the likely charges and the best way to get a lease extension started? I have nearly 58 years outstanding and I own a garden flat in Clayton.
  • We wish to extend our lease. We will have been in the flat for two years as of 22nd April 2016. It has roughly seventy years remaining currently. Hoping to get a lease extension by another 90 years as quickly and stress free as is reasonably achievable.
  • I'm living with my parents but have a maisonette in Clayton let out which has a 69 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 Clayton 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. Not sure sure whether to hold on or sell the flat?
  • My fiance and I are are hoping to complete on a ground floor flat in Clayton which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our to do a pre-completion search on the property title. The problem 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 correct that we have to hold on until the new lease is registered?
  • I am currently negotiating a lease extension for my flat in Clayton as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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