Lydiate and Melling Lease Extensions

Frequently asked questions relating to Lydiate and Melling Lease Extensions

40k agreed with the landlord, just seeking to find a Lydiate and Melling for a lease extension. Our lease has circa fivety eight yrsunexpired lease. Can you please help us with this situation ?

I have got a leasehold flat in the Lydiate and Melling area and was curious whether I could get a lease extension. What are your processes and fees. There are 58 years unexpired

I plan on buying a flat in Lydiate and Melling. The offer is subject to the lease extension. The homeowner’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Santander. Moreover, which are the following lease extension steps to complete the purchase?

We are in a block containing four flats in Lydiate and Melling and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

I have a leasehold flat in Lydiate and Melling. I have built a large extension and have not informed the leaseholder. What should I do?

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

I'm living with my mum and dad but have a ground floor flat in Lydiate and Melling let out which has a sixety nine year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Lydiate and Melling for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?

My brother and I are hoping to buy a property (a one bedroom apartment inLydiate and Melling with share of freehold). During our search, we were always looking at flats that had at least 84 years left on the lease. We identified a apartment we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Yesterday our told us the lease only has seventy seven years and therefore requires a lease extension. Should we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

I have a lease of sixety seven years remaining on my flat in Lydiate and Melling. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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