Lancaster Lease Extensions

Examples of recent questions relating to Lease Extensions in Lancaster

So this is the scenario: I bought a one bed flat in Lancaster that I am now unable to sell due to the lease needing a lease extension. Are you willing to help me with this situation ?

I have shares in the freehold of buildings comprising of seven flats each. 2 of the leasehold owners want a lease extension and I'm wondering about the the process

We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 899 years remaining so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any feedback would be much appreciated.

I have contacted my freeholder for a lease extension for my flat in Lancaster. Her has been in contact regarding charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started March 1994.

My neighbours and I are in a block of four flats in Lancaster and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

Last year I purchased a leasehold apartment in Lancaster. I have built a large extension and have not informed my freeholder. What are my options?

I will soon view a one bedroom maisonette, although not exactly my perfect 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 77 years residual lease term on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?

Offer accepted on a a one bed flat in Lancaster, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as eighty years.Contracts were due to be exchanged in a couple of days. My question is Have the estate agents breached any law by misrepresenting the position concerning the lease term?

If somebody 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?

We have been in discussion with our freeholder after having a valuation on our 2 bed flat in Lancaster. We have a sixety two year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she 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.

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