Frequently asked questions relating to Macclesfield Lease Extensions

  • I'm about to make an offer on a house in Macclesfield but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Britannia giving us the mortgage now?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I own a maisonnette and the freehold. The owners of the upstairs flat have asked for a lease extension what do I need to do?
  • We are in a building of three flats in Macclesfield and have been offered to buy the freehold for £3,500 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?
  • The terms for the lease on my apartment in Macclesfield are 99 years from 1 Feb 1988. Please supply me me a quote to extend the lease if I give you more information please?
  • In 2012 I purchased a leasehold flat in Macclesfield. I have built a huge extension and have not informed my leaseholder. What are my options?
  • My mortgage lender is requesting a £450 fee for their for a "deed of substituted security" for the lease extension for my flat in Macclesfield... I am unable to find any reference of this in my mortgage booklet... is this a usual fee to pay?
  • My wife and I have owned a leasehold flat for approximately twenty years. It now has 71 years unexpired lease on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would welcome advice.
  • I own the freehold of a couple of flats. Someone has the lease on the ground flat in Macclesfield. I occupy in the upper flat. I was reviewing the title deeds last night when I noticed that my flat has a lease on it. There is seventy one years balance left. If I want to do a lease extension then would I just be paying for the charges?
  • Are you able to provide an estimate to extend my mother’s lease on a garden flat in Macclesfield. She recently got a figure from the landlord for a lease extension but I am unclear whether it is too expensive.

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