Knotty Ash Lease Extensions

Common questions relating to Knotty Ash Lease Extensions

I am the registered owner of a flat in Knotty Ash with a leasehold unexpired just under seventy seven years and need to extend it. Please can you advise me of the next steps

I am the registered owner of a maisonette in Knotty Ash. The start date for the lease was in 1992 for 99 years. Now I am wanting for a lease extension. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?

I am deliberating whether to purchase the freehold or a lease extension of my property in Knotty Ash and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Aldermore to free up equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease started in 1991 and since then the ground rent has been raised from £25.00 per year to £125 per year.

I will soon view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 78 years remaining on the lease. It is also a repo so I'm guessing that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?

Are you able to advise on the likely expense and the best way to start the lease extension process? I have roughly 62 years left and I own a garden flat in Knotty Ash.

I am a landlord of a block of flats in Knotty Ash, and the leaseholders are in the process of being granted lease extensions. I anticipate receiving funds next week. As I am not on self assessment do I get in touch with the tax authorities ?

Although I do not need a lease extension but I do require a vesting order on a property I want to buy in Knotty Ash. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the rear garden.

Me and my partner are hoping to purchase a property (a ground floor flat based inKnotty Ash with share of freehold). During our search, we were always looking at properties that had at least 84 years left on the lease. We found a place we fell in love with and the estate agent assured that the lease term was not an issue. Yesterday our conveyancers told us the lease only has 77 years and therefore needs a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

I have 76 years remaining on my lease of a ground floor flat in Knotty Ash, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom ground floor purpose built maisonette in Knotty Ash

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