Recently asked questions relating to Heywood Lease Extensions

  • 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?
  • I am looking into the costs of carrying out a lease extension for my studio flat in Heywood, and would like some figures on that.
  • I'm looking for an apartment to buy in Heywood and I'm not really familiar with the leasehold title. I've found a ground floor flat I like with a 91 years lease. I've read that I can get a lease extension having owned the property for a couple of years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
  • What will I need to spend and what is the best way to get a lease extension started? I have nearly sixety years outstanding on my lease on a ground floor flat in Heywood. I have emailed the managing agents who act on behalf of the head landlord and they provided me with the number for the valuer. I left a phone message for the surveyor but I am not receiving any returned calls.
  • We are looking to extend our lease having owned the flat for two years as of 21st Jan 2016. It has nearly 65 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • I am in need of a lease extension for my flat in Heywood and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • Me and my fiance have owned a leasehold flat for around fifteen years. There are 70 years unexpired lease on the lease. After a year of protracted negotiations through my conveyancing practitioners 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 welcome some independent thoughts.
  • 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 extending the lease?
  • I own the freehold of a 2 bedroom flat in Heywood. The leaseholders have 60 years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • We have a 2 bed flat in Heywood with a lease of 74 years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?
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    Lease Extensions in Heywood

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