Common questions relating to Low Moor Lease Extensions

  • I bought a property in Low Moor and it has circa 75 years balance left. I'd like to extend the lease period
  • Think I may have made a mistake, I am searching for a conveyancing practitioners in Low Moor who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • I need to talk to you about a flat in Low Moor, I am thinking of bidding at auction in the next few days. The flat has a short lease and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • I am a first time buyer of a leasehold flat in Low Moor. The lease has only fivety eight years unexpired and ground rent is £75. Is it possible for the owner to serve the Notice of Claim and then transfer this right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the seller? To add to the complexity the landlord is absent, so I am not sure how this will play out.
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I initiate the process, is this correct?
  • I am hoping to extend the lease on my two bedroom second floor purpose built maisonette in Low Moor I am looking for a local company to calculate the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I am the freeholder of a 1930’s property split into two flats. I live 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 three years. What are my next steps?
  • It says on your website the likely fee to extend a lease is £495. Is that the total cost excluding value added tax and the HMLR fee? The price has already been negotiated with the freeholder for the lease extension for my garden flat in Low Moor
  • I am planning on refinancing my one bedroom apartment in Low Moor and the mortgage company that I am looking to move to needs a minimum 85 years remaining on the lease in order for them to take the mortgage forward. We currently have around 67 years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
  • 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?
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    Lease Extensions in Low Moor

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