Frequently asked questions relating to Fallowfield Lease Extensions

  • I bought a flat in Fallowfield with a leasehold unexpired around sixety two years and need a lease extension. Please can you advise me of the next stages
  • I am about to put an offer in on a garden flat in Fallowfield with a lease of 76 years but not sure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I am looking into the costs of carrying out a lease extension for my ground floor flat in Fallowfield, and would like some figures on that.
  • I'm looking for an apartment to buy in Fallowfield and I'm not really familiar with the leasehold tenure. I've found a two bedroom second floor purpose built maisonette I like with a 87 years lease. My research reveals that I can get a lease extension after 2 years, but:- Should I anticipate any issue with my proposed mortgage lender Skipton Building Society?
  • I am a FTB of a leasehold flat in Fallowfield. The lease has just fivety eight years outstanding and ground rent is £75. Is it possible for the current owner to serve the Section 42 Notice and then transfer this right to me as the buyer on the day of completion so that I can avoid waiting for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the flat owner? To add to the complexity the landlord can not be found, so I am not sure how does it work.
  • We have a residential flat in Fallowfield with 76 years left. Last year we were quoted a deal to grant a lease extension for a further fifty years but also uplift the ground rent from nominal to £200 per annum..plus a premium I think of approximately 9k. Finally we have decided to proceed but do we now have to renegotiate?
  • I am looking to buy a one bed flat in Fallowfield for asking price of 145k, which has sixety five years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • Me and my fiance would like to know the cost of a lease extension valuation for a property based in Fallowfield. Is this something you can help us with?
  • Just been over 2 years that I have been in my garden flat in Fallowfield. I have 56 yrs unexpired lease on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 445k. 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: In terms of surveyors - how do I go about finding one?
  • We have been in discussion with our freeholder after having a valuation on our ground floor flat in Fallowfield. We have a sixety eight 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.

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