Liverpool Lease Extensions: Q and A’s

  • I am looking for a lease extension on the lease on my one bedroom second floor purpose built maisonette in Liverpool which will have seventy four years unexpired lease in June. What fees are applicable?
  • Do you only do lease extensions in Liverpool? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a lawyers.
  • I am looking to purchase a one bedroom apartment in Liverpool with a lease of sixety two years but unsure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I plan on buying a flat based in Liverpool. My offer is subject to the lease extension. The vendor’s conveyancers has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Coventry Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I an interested in finding out more about purchasing a leasehold residence. We are going to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Liverpool area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • My brother has a share of freehold, with two other leaseholders in a building in Liverpool. House converted into three apartments. He has a lease, which has nearon 75 years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • I'm living at parents but have a garden flat in Liverpool let out which has a 74 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Liverpool for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • Just been over two years that I have owned my three bedroom ground floor purpose built flat in Liverpool. I have sixety seven years outstanding on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • I require an estimate to extend my aunt’s lease on a one bedroom apartment in Liverpool. She already has a figure from the freeholder for a lease extension but I am not sure it is reasonable.
  • I am currently negotiating a lease extension for my flat in Liverpool 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 Liverpool

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