Market Drayton Lease Extensions Example Support Desk Enquiries

  • I have a lease of seventy three years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I plan on buying a flat located in Market Drayton. The offer is subject to the lease extension. The vendor’s lawyers has served the Notice of Claim. 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 Alliance & Leicester . Moreover, which are the following lease extension steps to complete the purchase?
  • I have my suspicions that my niece might have had the wool pulled over her eyes. She submitted an offer on a garden flat in Market Drayton, where the lease is nearly 56 years but she was told by the estate agents that the flat owner had extended it to 125 years. She has now been told the seller was holding off for her to retain conveyancers prior to commencing with the lease extension. Seems odd to me, also it may take time to sort it all out. What do you think?
  • Offer accepted on a a maisonette in Market Drayton, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer in writing through the post which states the lease as 82 years.Contracts were due to be exchanged in a couple of days. My query is why has this only just been brought to my attention by my lawyers?
  • Me and my partner have owned a leasehold flat for around twenty years. It now has sixety two years unexpired lease on the lease. After a year of protracted negotiations through my property lawyers and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would welcome advice.
  • Are you able to provide an estimate to extend my mum’s lease on a studio flat in Market Drayton. She recently got a figure from the landlord for a lease extension but I am unclear whether it is too expensive.
  • I am currently in the process of remortgaging my garden flat in Market Drayton and the mortgage company that I am looking to switch to needs at least 85 years on the leasehold of my property in order for them to progress matters. I have found that I currently have around sixety five years on the leasehold so looking for some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • I have sixety seven years remaining on my lease of a ground floor flat in Market Drayton, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I am currently negotiating a lease extension for my flat in Market Drayton 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my ground floor flat in Market Drayton
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    Lease Extensions in Market Drayton

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