Common questions relating to Macclesfield Lease Extensions

  • I am the registered owner of a three bed apartment in Macclesfield that I am finding difficult to sell due to the lease needing a lease extension. How long will it take ?
  • My wife has a flat located in Macclesfield which we have just put on the market. The leasehold has slightly less than seventy one years residual lease term on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Many thanks.
  • I am considering investing in a holiday home but it has a lease that expires in fifteen years. Its in Macclesfield - I wanted to see if with your services this could be extended?
  • I am about to put an offer in on a garden flat in Macclesfield with a lease of sixety seven years but not sure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • 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 have contacted my freeholder to extend my lease for my flat in Macclesfield. Her has been in contact regarding charges etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started Septembmer 1986.
  • I plan on buying a flat based in Macclesfield. The offer is conditional upon a lease extension. The seller’s has given to the freeholder the Section 42 Notice. 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 Platform Home Loans Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • My OH and I are in the throws of buying a home (a garden flat located inMacclesfield with share of freehold). During our search, we were always looking at properties that had at least 84 years left on the lease. We found a flat we liked and the selling agent assured that the lease term was not an issue. Yesterday our advised us the lease only has 57 years and thus requires a lease extension. Do we run away, or should we negotiate our offer?
  • I am planning on refinancing my garden flat in Macclesfield and the bank that I am looking to move to needs a minimum 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around seventy six years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • I am currently negotiating a lease extension for my flat in Macclesfield 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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