Examples of recent questions relating to Lease Extensions in Formby

  • I’ve just purchased a ground floor flat located inFormby and I'm deliberating a lease extension as soon as possible e.g. in 24 months of ownership
  • I am looking to purchase a garden flat in Formby with a lease of 79 years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • The intention is to sell our three bed flat in Formby but we may require a lease extension, or at least cover the expense of our buyers. Are you able to recommend someone to handle this?
  • I an interested in finding out more about purchasing a leasehold residence. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Formby area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • My husband has a share of freehold, with two other leaseholders in a building in Formby. House converted into three flats. He has a lease, which has nearly seventy one years unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
  • 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?
  • We are hoping to buy a home (a two bedroom first floor purpose built maisonette located inFormby with share of freehold). During our search, we were always looking at flats that had a minimum ninety years balance left. We found a place we liked and the estate agent assured that the lease was long albeit not specifying a number. Today our informed us the lease only has 54 years and thus needs a lease extension. Should we walk away, or should we reduce our offer?
  • My mother is worried about getting a lease extension from a difficult landlord. Notwithstanding that the legal procedures were followed under the 1993 Act, the freeholder still attempted to charge ground rent of £200 doubling every twenty years of the new term. Can you help?
  • We currently own a studio flat in Formby and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 74 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my three bed flat in Formby

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