Lease Extensions in Longton

Frequently asked questions relating to Longton Lease Extensions

Hello, I stumbled upon this website. I'm seeking prices on what a lease extension will cost for a studio flat in Longton. It's on sale at the moment but has nearon 58 years of unexpired leasehold

I want to acquire a leasehold property and extend the lease. The flat owner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 928 years unexpired so a lease extension is not a worry. 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.

We hope to sell our GFF in Longton but we may need a lease extension, or possibly cover the costs of our purchaser. Are you able to suggest a to help us?

I am looking to either purchase the freehold or a lease extension of my property in Longton and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Skipton Building Society to free up equity. The broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease started in 1979 and since then the ground rent has been raised from £15.00 per annum to £100 per year.

I am looking to buy a one bed flat in Longton for asking price of 125k, which has sixety nine years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?

I am the freeholder of a Victorian 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 sixety four years. What are my next steps?

If a leaseholder 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?

My father is worried about getting a lease extension from a difficult landlord. Regardless of the fact that the legal procedures were followed under the appropriate legislation, the freeholder still attempted to charge ground rent of £300 doubling every twenty years of the new lease. Can you assist?

I have a lease of 77 years remaining on my flat in Longton. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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