Recently asked questions relating to Great Harwood Lease Extensions

  • I have got a leasehold flat in the Great Harwood area and was wondering whether I could get a lease extension. What are your processes and charges. Has sixety three years balance left
  • Do you only do lease extensions in Great Harwood? I own a flat in Abbey Wood with 90 years left, I am looking for a quote from a property lawyers.
  • I am looking for a property lawyers in Great Harwood and they should be on the Alliance & Leicester approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend any please ?
  • I am looking to buy a ground floor flat in Great Harwood with a lease of sixety one years but not sure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I am a FTB of a leasehold flat in Great Harwood. The lease has just sixety nine years unexpired and ground rent is £95. Is it possible for the seller to serve the Section 42 Notice and then transfer this right to me as the purchaser on the day of completion so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the seller? Unfortunately it’s the case of an absent freeholder, so I am not sure how does it work.
  • We are considering buying a three bedroom second floor purpose built maisonette in Great Harwood which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from extending the lease?
  • 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?
  • 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?
  • I have 75 years remaining on my lease of a ground floor flat in Great Harwood, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I am currently negotiating a lease extension for my flat in Great Harwood as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
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    Lease Extensions in Great Harwood

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