Culcheth Lease Extensions

Frequently asked questions relating to Culcheth Lease Extensions

My name´s David. I’m house hunting in Culcheth I'm seeing a two bedroom first floor purpose built flat online, with approximately fivety seven years left, how much does it cost on average to get a lease extension by, say, 45 years?

I'm intending to make an offer on a house in Culcheth but I'm a little worried 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 Leeds Building Society giving us the mortgage now?

I have been in touch with my freeholder to extend my lease for my flat in Culcheth. His has been in contact with charges etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started February 1993.

I bought a one bedroom apartment in Culcheth. The lease commenced in 2001 for 99 years. Now I am wanting to extend the lease. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?

Ref a residence in Culcheth. GFF maisonette. 68 yrs left. I have an agreed lease extension to £12,000 for 115yrs. Freeholder also requested Initial Notice which I think is a bit over the top. Can you assist.

We have a first floor flat in Culcheth with 65 years remaining. Ten months ago we were quoted a deal to have a lease extension for a further thirty years but also increase ground rent from nominal to a little more..plus a premium I think of approximately 10k. We have now decided to proceed but do we now have to start the negotiations again?

My flat in Culcheth is up for sale and I have a hopefully firm offer. There is eighty one years remaining on the lease and I want a lease extension. How much does it cost on average to extend in this area by, say,fifty years

If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?

I am currently negotiating a lease extension for my flat in Culcheth 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?

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Culcheth

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