FAQs concerning Hulme Lease Extensions

  • I am considering investing in a second home but it has a lease that expires in fifteen years. Its in Hulme - I wanted to see if with your services this could be extended?
  • I am looking into the costs of carrying out a lease extension for my studio flat in Hulme, and would like some figures on that.
  • I am a FTB of a leasehold flat in Hulme. The lease has just 68 years left and ground rent is £50. Is it possible for the flat owner to serve the Notice of Claim and then transfer over the right to me as the buyer once I complete the buying process 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 may be possible but will it be very time costly to the homeowner? Unfortunately it’s the case of an missing landlord, so I am not sure how does it work.
  • I am a freeholder of a block of flats in Hulme, and the lessees are in the process of being granted lease extensions. I should hopefully get funds within a month or so. As I am not on self assessment do I contact the Inland Revenue ?
  • My wife and I have a GFF in Hulme. There is eighty years left on the lease and we want a lease extension. How much will it likely cost to get a lease extension by, say,twenty years
  • I am in need of a lease extension for my flat in Hulme 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 eighteen years. It now has seventy years outstanding on the lease. After a year of protracted negotiations through my solicitors 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 a Tribunal and would welcome advice.
  • I own the freehold of a couple of flats. Someone has the lease on the ground flat in Hulme. I live in the upper flat. I was looking at the land registry documents today when I noticed that my flat has a lease on it. There is 67 years unexpired. If I want a lease extension then would I simply be paying for the lawyers fees?
  • My wife and I are aware that others in the same building had already had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you suggest this course of action?
  • I am currently negotiating a lease extension for my flat in Hulme 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 Hulme

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