Frequently asked questions relating to Marks Gate Lease Extensions

  • I agreed with the landlord to a lease extension on our flat located in Marks Gate, 9k for an extension by 90yrs. Can you please guide us with this situation ?
  • We have just bought a studio flat inMarks Gate and I'm considering extending the lease as soon as I can e.g. after 24 months of ownership
  • I am the owner of a maisonnette together with the freehold reversion. The owners of the downstairs flat have asked to extend the lease what do I need to do?
  • We hope to sell our garden flat in Marks Gate but we may need to extend the lease, or at least cover the costs of our buyers. Can you suggest a conveyancing practitioners to help us?
  • My neighbours and I are in a building of three flats in Marks Gate and have been offered to buy the freehold for 8k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • We purchased a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Marks Gate and are therefore thinking about the option of a vesting order. Is this something you can handle for us?
  • We have a first floor flat in Marks Gate with seventy four years remaining. Last year we were quoted a deal to grant a lease extension for a further 25 years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 9k. Finally we have decided to proceed but do we now have to renegotiate?
  • I am looking to buy a one bed flat in Marks Gate for asking price of 145k, which has 70 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • We would like to know the cost of a lease extension valuation for a property based in Marks Gate. Is this something you can assist us with?
  • I'm looking at purchasing an apartment in Marks Gate at a price of £256,000 the flat has approaching 57 years unexpired on the lease. I put in an offer subject to the lease being extended... .. that was back in June, expecting I'd have moved in before now. The seller has just informed me they are willing to knock £4k off if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
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    Lease Extensions in Marks Gate

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