Edge Hill Lease Extensions: Q and A’s

  • I want to buy a leasehold property and extend the lease. The vendor has been there for three 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 ?
  • I invested in buying a garden flat in Edge Hill. I am looking to extend lease on the property. It is around eighty one years. I would just like to know what your charges are and how long the process takes.
  • I'm looking for an apartment to purchase in Edge Hill and I'm not really familiar with the leasehold arrangement. I've identified a studio flat I like with a 82 years lease. My research reveals that I can go for a lease extension after a couple of years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?
  • I am about to view a one bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 54 years outstanding on the lease. It is also a repossession so I'm guessing that the bank will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • Just been over two years that I have owned my maisonette in Edge Hill. I have 64 yrs outstanding on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired 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: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
  • My partner and I have been in discussion with our freeholder after having a valuation on our two bedroom second floor purpose built maisonette in Edge Hill. We have a 67 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I'm looking for some help concerning a lease extension on my flat. The intention is to do this sometime next year as we have to move 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. You are able to recommend a good with expertise in lease extensions. Preferably based in Edge Hill?
  • Are you able to provide an estimate to extend my mum’s lease on a one bedroom apartment in Edge Hill. She recently got a price from the freeholder for a lease extension but I am unclear whether it is reasonable.
  • I am currently negotiating a lease extension for my flat in Edge Hill 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?

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