Recently asked questions relating to Low Fell Lease Extensions

  • So this is the scenario: I invested in buying a garden flat in Low Fell that I am now unable to sell due to the lease requiring a lease extension. How long will it take ?
  • My name´s Callum. I’m property hunting in Low Fell I'm seeing a three bedroom first floor purpose built maisonette online, with around seventy eight years remaining, how much does it cost on average to get a lease extension by, say, 35 years?
  • I'm thinking of buying a ground floor flat (leasehold) but the freeholder has been missing for circa 15yrs. My query is would it be cheaper to try to acquire the freehold or to extend lease and apply for right to manage?
  • Last year I purchased a leasehold apartment in Low Fell. I have built a huge extension and have not informed the leaseholder. What are my options?
  • I'm looking for a flat to purchase in Low Fell and I'm not really familiar with the leasehold tenure. I've found a ground floor flat I like with a 90 years lease. My research reveals that I can get a lease extension having owned the property for a couple of years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
  • I am about to view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 66 years left on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am a FTB of a leasehold flat in Low Fell. The lease has just sixety one years remaining and ground rent is £25. Is it possible for the homeowner to serve the Section 42 Notice and then assign over the right to me as the buyer on the day of completion so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the flat owner? To add to the complexity it’s the case of an missing freeholder, so I am not sure how this will play out.
  • We are looking to extend our lease having owned the place for 2 years as of 22nd Jan 2016. It has just under 56 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • Offer accepted on a a 2 bed flat in Low Fell, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.Contracts were due to be exchanged within a week. My query is Is it not odd that my solicitors failed to pick this up far earlier than just before exchange?
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around sixety seven years. I need a solicitors at my end. Can you advise please? I live near Low Fell and have a mortgage with Birmingham Midshires.
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    Lease Extensions in Low Fell

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