Sample questions relating to Marchington Lease Extensions

  • My name´s Jake. I’m house hunting in Marchington I'm seeing a maisonette online, with about sixety three years left, how much does it cost on average to get a lease extension by, say, ninety years?
  • I have shares in the freehold of buildings comprising of seven flats each. Two of the leaseholders want to extend their leases and I'm wondering about the the process
  • Hello. I need someone to review my lease extension prior to it being completed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor amendments.
  • I would like to know how much it would cost and the best way to get a lease extension started? I have just under sixety two years outstanding and I own a one bedroom apartment in Marchington.
  • I am a freeholder of a block of flats in Marchington, and the tenants are in the process of being issued lease extensions. I anticipate receiving funds within a month or so. Are there any tax implications, the property is co-owned with my wife ?
  • Re a property in Marchington. lower maisonette. seventy four yrs left. I have negotiated a lease extension price of £12,000 for 135yrs. Freeholder also requested Section 42 Notice which I think should not be necessary. Advice required.
  • I'm living with my parents but have a garden flat in Marchington let out which has a 61 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Marchington for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • Coming up to 2 years that I have been in my three bed flat in Marchington. I have 59 yrs outstanding on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • I'm looking at acquiring a flat in Marchington at a price of £210,000 the flat has just under sixety nine years unexpired on the lease. My offer was subject to the lease being extended... .. that was back in November, expecting I'd have completed by now. The seller has just come back saying that they are prepared to reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • I'm looking for some assistance with regard to a lease extension on my maisonette. The plan is to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?

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