Common questions relating to Lytham Lease Extensions

  • 40k agreed with the landlord, just attempting to find a Lytham lawyers for a lease extension. Our flat has just under 62 yearsunexpired lease. What's your solicitors fee ?
  • Possibly made an error, I am seeking a conveyancers in Lytham who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to assist me with?
  • I am looking into the costs of carrying out a lease extension for my GFF in Lytham, and would like some figures on that.
  • I am a FTB of a leasehold flat in Lytham. The lease has just 61 years left and ground rent is £25. Is it possible for the flat owner to serve the Initial Notice and then transfer this right to me as the buyer on the day of completion so that I can avoid waiting for the two 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 costly to the seller? To add to the complexity it’s the case of an absent landlord, so I am not sure how does it work.
  • I have my suspicions that my niece might be having the wool pulled over her eyes. She put in an offer on a maisonette in Lytham, where the lease is slightly less seventy five years but she was informed by the selling agents that the seller had extended it to 125 years. She has now been advised the current owner was holding off for her to retain solicitors before commencing with the lease extension. Sounds underhand, also it could take time to sort it all out. Am I reading too much into it?
  • 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?
  • If somebody owns a flat with a lease of under 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 extending the lease?
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Lytham for a two bed flat - section 42 is already served?
  • I know that others in the same block previously had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation charges. Would you recommend this course of action?
  • I am currently in the process of refinancing my garden flat in Lytham and the bank that I am looking to switch to requires a minimum 80 years on the leasehold of my property in order for them to take the mortgage forward. I have discovered that I currently have around 76 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
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    Lease Extensions in Lytham

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