Questions and Answers: Longridge Lease Extensions

  • Hi, I just randomly found your website. I'm looking for prices on what a lease extension will cost for a garden flat in Longridge. It's on the market at the moment but has about seventy eight years left on the lease
  • I am looking to extend the lease on my maisonette in Longridge which will have sixety seven years unexpired lease in September. What fees do you charge for this?
  • I am interested in getting a lease extension for a flat in Longridge and want to use a local conveyancers. Are you able to help me find a property lawyers?
  • I am considering acquiring an auction property and identified a studio flat in Longridge. It has just fifty-one year lease..the seller being mortgagees in possession will not want to mess around with seeking a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with Nationwide Building Society?
  • Offer accepted on a a maisonette in Longridge, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer in writing through the post which states the lease as eighty years.We are soon to exchange contracts in a couple of days. My query is Should I tell the current owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • My son has a share of freehold, with two other leaseholders in a building in Longridge. House divided into three apartments. He has a lease, which has circa 75 years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am hoping to extend the lease on my maisonette in Longridge I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I am the freeholder of a Georgian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy one years. What are my next steps?
  • I'm living at mother and father but have a ground floor flat in Longridge let out which has a seventy eight 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 Longridge 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 been in my one bed flat in Longridge. I have fivety eight years left on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
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    Lease Extensions in Longridge

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