FAQs concerning Gatley Lease Extensions

  • My fiance agreed with the head landlord to a lease extension on our flat based in Gatley, 7.5k for an extension by 90yrs. Can you please assist us with this situation ?
  • My name´s Eli. I’m flat hunting in Gatley I'm seeing a two bedroom second floor purpose built flat online, with around 73 years unexpired lease, how much will it likely cost to extend in this location by, say, ninety years?
  • I am looking to extend the lease on my two bedroom second floor purpose built maisonette in Gatley which will have seventy nine years remaining in August. What fees apply?
  • I own a leasehold flat in the Gatley area and was enquiring whether I could obtain a lease extension. What are your processes and fees. Has 62 years outstanding
  • I am looking for a in Gatley and they should be on the Nationwide Building Society approved conveyancers panel as we need a lease extension and remortgage simultaneously. Are you able to recommend any please ?
  • I plan on buying a flat in Gatley. The offer is subject to the lease extension. The flat owner’s has served the Section 42 Notice. 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 Birmingham Midshires. Moreover, which are the following lease extension steps to complete the purchase?
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Gatley and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Bank of Scotland to free up equity. The broker handling the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease began in 1981 and since then the ground rent has increased from £25.00 per annum to £100 per annum.
  • My mortgage provider requires several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Gatley... I am unable to find any reference of this in my mortgage contract... is this a usual charge?
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Gatley for a one bed flat - section 42 is already in place?
  • I own the freehold reversion of a property in Gatley where the leaseholder would like a lease extension. Her valuer has provided a figure of £9,000, but has increased this by £2,000 without too much effort. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to face?

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