Recently asked questions relating to Market Drayton Lease Extensions

  • I am looking to extend the lease on my two bedroom ground floor purpose built maisonette in Market Drayton which will have sixety nine years remaining in September. What fees apply?
  • I am looking at investing in a second home but it has a lease that expires in 14 years. Its in Market Drayton - I wanted to see if with your services this could be extended?
  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 899 years residual lease term so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any advice would be much appreciated.
  • I bought a garden flat in Market Drayton with a leasehold unexpired of sixety six years. I am curious about how much I will need to spend to extend my leasehold
  • I am a first time buyer of a leasehold flat in Market Drayton. The lease has just seventy one years residual lease term and ground rent is £50. Is it possible for the seller to serve the Initial Notice and then assign over the right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the owner? Unfortunately the freeholder can not be found, so I am not sure how does it work.
  • My husband and I are proceeding with a purchase of a studio flat in Market Drayton. I was advised that the lease had been extended (seventy seven years remaining prior to extension). The description on the listing stated "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The seller supposedly has a quote but no finances to extend and consequently the seller wishes to exchange and use the 10% deposit for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • My wife and I have owned a leasehold flat for about eighteen years. It now has seventy years left on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.
  • We are buying a three bedroom ground floor purpose built flat in Market Drayton which has share of freehold and a leasehold. The lease was on the short side so the seller commenced dealing with a lease extension. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a "priority search" on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we must be patient until the lease extension has actually been registered before completing.?
  • We currently own a three bedroom ground floor purpose built flat in Market Drayton and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 57 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • I have fivety eight 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

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