Lytham St Annes Lease Extensions: Q and A’s

  • So this is the scenario: I own a one bedroom apartment in Lytham St Annes that I now cannot sell due to the lease needing a lease extension. How long will it take ?
  • Think I may have made an error, I am seeking a in Lytham St Annes who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to help me with?
  • In 2010 I purchased a leasehold flat in Lytham St Annes. I have built a huge extension and have not informed my leaseholder. What should I do?
  • 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?
  • We have been in discussion with our freeholder after having a valuation on our maisonette in Lytham St Annes. We have a 64 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I'm intent on purchasing a flat in Lytham St Annes at a price of £210,000 the flat has approaching fivety six years left on the lease. My offer was conditional upon a lease extension... .. that was back in November, expecting I'd have moved in before now. They have just come back saying they are willing to reduce the price by£8k if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
  • My wife and I are hoping to purchase a home (a two bedroom second floor purpose built maisonette inLytham St Annes with share of freehold). During our search, we were always looking at apartments that had a minimum eighty five years remaining. We identified a flat we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Today our told us the lease only has 60 years and thus requires a lease extension. Do we walk away, or do 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?
  • We currently own a three bedroom first floor purpose built flat in Lytham St Annes and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety nine years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Lytham St Annes 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?
  • I have a lease of fivety six years remaining on my flat in Lytham St Annes. 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?

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