Longton Lease Extensions

Frequently asked questions relating to Longton Lease Extensions

I own a three bedroom second floor purpose built flat in Longton that I now cannot sell as a result of the lease needing a lease extension. How long will it take ?

I’m just looking for a ground floor flat to buy in the Longton area and was interested in finding out how much would it cost to extend a lease? It has 75 years unexpired...

We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 798 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 correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any advice would be much appreciated.

I have a share of the freehold. There are three apartments in the house. All the leaseholders are now seeking lease extensions. What are the timescales to grant a lease extension?

Offer accepted on a a studio flat in Longton, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as eighty years.We are about to exchange contracts in a couple of days. My query is how is possible that the estate agent got it so wrong?

Just been over 2 years that I have been in my one bedroom apartment in Longton. I have 78 yrs left on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?

I own the freehold to two flats. Someone has the lease on the garden flat in Longton. I live in the upper flat. I was reviewing the land registry documents last night when I noticed that my flat has a lease on it. There is 74 years balance left. Can one do a lease extension without retaining a ?

I am the freeholder of a property in Longton and a leaseholder would like a lease extension. Her valuer has provided a figure of £8,000, but has upped this to £10,000 at the drop of a hat. My valuer has recommended a much higher amount. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?

My wife and I are concerned about seeking a lease extension from tricky freeholder. Even though the legal procedures were adhered to under the appropriate legislation, the landlord still tried to charge ground rent of £200 increasing by 100% every twenty years of the new lease. Can you help?

I am currently in the process of refinancing my studio flat in Longton and the bank that I am looking to switch to needs at least 85 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around seventy four years on the leasehold so looking for some advice, guidance, and some quotes to set the wheels in motion for a lease extension

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