Recently asked questions relating to Holmes Chapel Lease Extensions

  • I bought a flat in Holmes Chapel with a leasehold unexpired about 59 years and need a lease extension. Please can you clarify the next steps
  • I purchased a maisonette based in Holmes Chapel with a leasehold unexpired of 60 years. I am wondering about what it will cost me to extend my lease
  • Possibly made an error, I am searching for a in Holmes Chapel who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to assist me with?
  • I am considering whether to purchase the freehold or a lease extension of my property in Holmes Chapel and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with HSBC Bank to free up equity. The adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease began in 1991 and since then the ground rent has been raised from £25.00 per annum to £125 per year.
  • My mortgage lender is requesting several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Holmes Chapel... I am unable to find any mention of this in my mortgage guide... is this a normal cost that they charge?
  • I intend to buy a one bed flat in Holmes Chapel for asking price of 125k, which has 64 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • We have been in discussion with our freeholder after having a valuation on our 2 bed flat in Holmes Chapel. We have a 71 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Holmes Chapel for a one bed flat - section 42 having been issued?
  • My wife and I are concerned about obtaining a lease extension from tricky freeholder. Notwithstanding that the legal procedures were adhered to under the appropriate legislation, the landlord still attempted to get ground rent of £250 doubling every 25 years of the new term. Can you help?
  • I am currently negotiating a lease extension for my flat in Holmes Chapel 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?

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