Questions and Answers: Low Moor Lease Extensions

  • My name´s Jasper. I’m flat hunting in Low Moor I'm seeing a ground floor flat online, with around sixety two years remaining, how much does it cost on average to extend in this area by, say, thirty years?
  • I need to extend my existing lease can you assist? I think it has sixety years remaining
  • I bought a maisonette in Low Moor. I am looking for a lease extension on the property. It is slightly more than eighty years. I would just like to know what your charges are and how long it would take for completion.
  • Regarding a residence in Low Moor. lower maisonette. fivety four yrs remaining. I have an agreed lease extension to £20k for 135yrs. Landlord also insisted on Section 42 Notice which I think should not be necessary. Can you assist.
  • I intend to buy a one bed flat in Low Moor for asking price of 156k, which has 58 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 easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My brother has a share of freehold, with two other leaseholders in a building in Low Moor. House converted into three apartments. He has a lease, which has around sixety nine yrs left. How much would it cost for a lease extension and how many years would he need to extend by?
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety one years. I need a at my end. Can you advise please? I live near Low Moor and have a mortgage with Clydesdale.
  • If somebody 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?
  • I am currently negotiating a lease extension for my flat in Low Moor as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • Do you handle lease extensions on land? (a plot of land in Low Moor with 82yrs remaining)

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