Low Fell Lease Extensions

Questions and Answers: Low Fell Lease Extensions

I purchased a flat in Low Fell with a leasehold unexpired just over sixety three years and need a lease extension. Please can you advise me of the next steps

Hello, I just randomly found this site. I'm looking for prices on what a lease extension will cost for a garden flat based in Low Fell. It's up for sale at the moment but has around 63 years of unexpired leasehold

I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has sixety five years unexpired.

We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 928 years left so a lease extension is not a concern. 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 25 years without the house being ours. Any guidance would be much appreciated.

Possibly made a mistake, I am actually looking for a conveyancing practitioners in Low Fell who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to help me with?

I am thinking about whether to purchase the freehold or a lease extension of my property in Low Fell and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Aldermore to release of equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease commenced in 1979 and since then the ground rent has increased from £25.00 per year to £125 per year.

I intend to buy a one bed flat in Low Fell for asking price of 125k, which has 55 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Low Fell for a two bed flat - section 42 having been issued?

I have 75 years remaining on my lease of a ground floor flat in Low Fell, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Low Fell

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