Locksbottom Lease Extensions

Recently asked questions relating to Locksbottom Lease Extensions

I’m just looking for a a property to buy in the Locksbottom area and was curious how much would it cost for a lease extension? It has sixety three years left...

I am the registered owner of a 2 bed flat in Locksbottom. The lease started in 1997 for 99 years. Now I am looking to extend the lease. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?

I own a share of the freehold. There are four flats in the block. All the leaseholders are now looking for lease extensions. Are you willing to assist us with this situation?

We are looking to extend our lease. We will have been in the property for 2 years as of 21st Feb 2016. It has roughly 63 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as is reasonably achievable.

I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I initiate the process, is this correct?

Me and my fiance have owned a leasehold flat for around fifteen years. There are 70 years remaining on the lease. Following a year of difficult negotiations through my lawyers 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 LVT and would welcome advice.

Just been over two years that I have owned my garden flat in Locksbottom. I have 55 years unexpired lease on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my lawyers 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?

Just a quick question, how much does it cost for a lease extension on a residential property in Locksbottom for a one bed flat - section 42 having been issued?

I am currently negotiating a lease extension for my flat in Locksbottom 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?

Do you handle lease extensions on land? (a plot of land in Locksbottom with 82yrs remaining)

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