Common questions relating to Market Drayton Lease Extensions

  • I purchased a property in Market Drayton and it has approximately 54 years remaining. I'd like to extend the lease period
  • I have contacted my freeholder for a lease extension for my flat in Market Drayton. Her has been in contact regarding charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started February 1993.
  • I am in need of a lease extension for my flat in Market Drayton and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • My fiance and I have owned a leasehold flat for around fifteen years. It now has sixety years outstanding on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.
  • I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around seventy three years. I need a at my end. Can you advise please? I live near Market Drayton and have a mortgage with Aldermore.
  • Coming up to two years that I have owned my garden flat in Market Drayton. I have 74 years outstanding on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 450k. 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: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
  • My wife and I are buying a studio flat in Market Drayton which has share of freehold and a leasehold. The lease was on the short side so the owner is in the process of extending the lease. The seller’s lawyer 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 house buying 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 lease title number has not been issued. Is it correct that we have to hold on until the new lease is registered?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Market Drayton. I reside in the top flat. I was looking at the title deeds recently when I noticed that my flat has a lease on it. There is seventy years left. If I want to do a lease extension then would I simply be paying for the fees?
  • I'm looking for some assistance concerning a lease extension on my flat. The plan is to do this sometime next year as we must 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?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my ground floor flat in Market Drayton

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