Lease Extensions in Garstang

Common questions relating to Garstang Lease Extensions

My partner has an apartment located in Garstang which we are about to put on the market. The leasehold has nearly seventy five years unexpired on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Thank you.

I want to acquire a leasehold property and lease extension. The flat owner has been there over two years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has seventy two years residual lease term.

I am going to purchase a flat based in Garstang. The offer is subject to the lease extension. The seller’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I'm looking for a flat to buy in Garstang and I'm not really familiar with the leasehold concept. I've found a three bed flat I like with a 87 years lease. My research reveals that I can apply for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Godiva Mortgages Ltd?

My partner and I had entered into a purchase of a three bedroom ground floor purpose built maisonette in Garstang. I was assured that the lease had been lengthened (72 years outstanding prior to extension). The description on the listing said "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The current owner supposedly has a quote but no money to extend as a result the homeowner intends to exchange and use the deposit monies for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?

Me and my partner have owned a leasehold flat for around fifteen years. It now has sixety six years outstanding on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.

I'm living at mother and father but have a one bedroom apartment in Garstang let out which has a 57 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Garstang for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?

If a leaseholder owns a flat with a lease of under 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 have a leasehold property in Garstang with 60 years remaining on the lease. I need a to help me achieve a lease extension. Can you help?

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