Frequently asked questions relating to Great Harwood Lease Extensions

  • I own a leasehold flat in the Great Harwood area and was curious whether I could obtain a lease extension. What are your processes and charges. Has 69 years outstanding
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • Is it possible to talk with you about a flat in Great Harwood, I am thinking of bidding at auction in the next few days. The flat has a short lease and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • My mortgage provider requires a £600 fee for their for a "deed of substituted security" for the lease extension for my flat in Great Harwood... I am unable to find any reference of this in my mortgage literature... is this a standard charge?
  • I am looking at acquiring an auction property and identified a two bed flat in Great Harwood. It only has a 48 year lease..the seller as mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this except for the huge fee to extend the lease and decreased chance of obtaining a mortgage with Chelsea Building Society?
  • I am in need of a lease extension for my flat in Great Harwood and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am looking to buy a one bed flat in Great Harwood for asking price of 145k, which has seventy two 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 the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am looking to extend the lease on my two bedroom first floor purpose built flat in Great Harwood I am looking for a local company to calculate the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I am the freeholder of a property in Great Harwood and a leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has increased this by £2,000 without too much effort. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • I require an estimate to extend my aunt’s lease on a ground floor flat in Great Harwood. She recently got a figure from the landlord for a lease extension but I am unclear whether it is reasonable.

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