Manselton Lease Extensions

Questions and Answers: Manselton Lease Extensions

I’m about to offer on a garden flat to purchase in the Manselton area and was enquiring what the likely fees would be to extend a lease? It has sixety five years remaining...

I have shares in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leasehold owners want to extend their leases and I'm enquiring about the the process

I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has seventy three years residual lease term.

I plan on buying a flat located in Manselton. My offer is conditional upon a lease extension. The vendor’s has served 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 Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?

We own a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Manselton and are therefore considering the option of a vesting order. Is this something you can handle for us?

I have my suspicions that my niece is being hoodwinked. She submitted an offer on a one bedroom second floor purpose built flat in Manselton, where the lease is around 73 years but she was informed by the estate agents that the owner had extended it to 125 years. She has now been advised the homeowner was waiting for her to appoint conveyancers prior to commencing with the lease extension. Sounds devious, also it will take months to sort it all out. What do you think?

Re a property in Manselton. GFF maisonette. sixety yrs left. I have an agreed lease extension to £12,000 for 135yrs. Freeholder also insisted on Initial Notice which I think should not be necessary. Can you assist.

Me and my wife are considering purchasing a maisonette in Manselton which is a leasehold. I am wondering what are the advantages and disadvantages of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from extending the lease?

Me and my fiance are proceeding with buying a studio flat in Manselton. I was advised by the EA that the lease extension had already been completed while on a viewing (60 years left prior to extension). The description on the listing said "sold with a long lease". It turns out as we are about to exchange of contracts we find that the lease has not been extended. The vendor supposedly has a quote but no money to extend and consequently the current owner wishes to exchange and use the my deposit to extend the lease. My question is how is possible that the estate agent got it so wrong?

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?

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