Top Ten Questions relating to Ellesmere Lease Extensions

  • My partner agreed with the landlord for a lease extension on our flat based in Ellesmere, 15k for an extension by 90yrs. Can you please guide us with this situation ?
  • We hope to sell our garden flat in Ellesmere but we may need to extend the lease, or at least cover the expense of our buyers. Can you help me find someone to undertake the legal formalities?
  • I am looking into the costs of carrying out a lease extension for my garden flat in Ellesmere, and would like some figures on that.
  • I bought a ground floor flat in Ellesmere. I am looking to extend lease on the property. It is nearing eighty one years. I would just like to know what your charges are and how long it would take for completion.
  • I own a share of the freehold. There are four apartments in the block. All the leaseholders are now looking for lease extensions. What are the timescales to grant a lease extension?
  • I am the freeholder of a Edwardian property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 67 years. What are my next steps?
  • I'm intent on buying a flat in Ellesmere at a price of £210,000 the flat has something like fivety seven years unexpired on the lease. My offer was subject to a lease extension... .. that was back in November, hoping I'd have completed by now. The seller has just informed the agent they'll reduce the price by£7k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Ellesmere for a one bed flat - section 42 having been issued?
  • My partner and I are in the throws of buying a property (a garden flat located inEllesmere with share of freehold). During our search, we were always looking at apartments that had at least 84 years remaining. We came across a apartment we liked and the estate agent assured that the lease was long albeit not specifying a number. Yesterday our informed us the lease only has 66 years and thus requires a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am currently negotiating a lease extension for my flat in Ellesmere 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 Ellesmere