Common questions relating to Garstang Lease Extensions

  • I am looking for a lease extension on the lease on my three bedroom ground floor purpose built maisonette in Garstang which will have seventy nine years remaining in January. What fees apply?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 64 years residual lease term.
  • I am looking to purchase a one bedroom apartment in Garstang with a lease of 72 years but unsure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • In 2010 I purchased a leasehold flat in Garstang. I have built a large extension and have not informed my leaseholder. What are my options?
  • How much will it cost me and what is the best way to start the lease extension process? I have nearly 60 years unexpired lease on my lease on a studio flat in Garstang. I have emailed the agent who represent the landlord and they gave me the number of the surveyor. I telephone the valuer but I am not getting any kind of reaction.
  • My leasehold flat in Garstang is up for sale and I have a hopefully firm offer. There is eighty one years remaining on the lease and I want a lease extension. What does it cost on average to get a lease extension by, say,fifty years
  • I intend to buy a one bed flat in Garstang for asking price of 125k, which has 62 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 a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • Coming up to 2 years that I have owned my garden flat in Garstang. I have 75 yrs unexpired lease on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to acquire in Garstang. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the garden area.
  • I'm looking at buying an apartment in Garstang at a price of £256,000 the flat has just under sixety years left on the lease. My offer was subject to a lease extension... .. that was back in August, expecting I'd have completed by Christmas. They have just informed the agent they'll knock £4k off if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
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