Questions and Answers: Marks Gate Lease Extensions

  • I am looking to buy a maisonette in Marks Gate with a lease of fivety six years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • How much will it cost me and what is the best way to get a lease extension started? I have roughly seventy seven years unexpired lease on my lease on a garden flat in Marks Gate. I have contacted the managing agents who act on behalf of the freeholder and they provided me with the number of the valuer. I left a phone message for the valuer but I am not getting any calls back.
  • I am thinking about bidding for an auction property and came upon a studio flat in Marks Gate. It has just 49 year lease..the current owner being mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the disadvantages of this other than the expensive fee to extend the lease and decreased chance of obtaining a mortgage with Aldermore?
  • We have a first floor flat in Marks Gate with seventy one years remaining. Ten months ago we were quoted a deal to grant a lease extension for a further 25 years but also uplift the ground rent from nominal to £250 per annum..plus a premium I think of about 16k. Finally we have decided to proceed but do we now have to renegotiate?
  • We have owned a leasehold flat for approximately eighteen years. There are 64 years left on the lease. After a year of protracted 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 a Tribunal and would welcome advice.
  • Coming up to two years that I have been in my studio flat in Marks Gate. I have sixety five years unexpired lease on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 320K, 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: In terms of surveyors - how do I go about finding one?
  • I own the freehold of a couple of flats. Someone has the lease on the garden flat in Marks Gate. I reside in the top flat. I was looking at the title deeds yesterday when I noticed that my flat has a lease on it. There is sixety six years unexpired. Is it possible to carry out a lease extension without instructing a ?
  • I'm looking for some assistance with regard to extending the lease on my apartment. I'll be looking to do this in six months time as we need 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. Do I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • Are you able to provide an estimate to extend my mother’s lease on a maisonette in Marks Gate. She already has a price from the freeholder for a lease extension but I am far from certain if it is too expensive.
  • I'm looking for some advice with regard to a lease extension on my studio flat in Marks Gate. I'll be looking to do this sometime next year as we need to move at some point 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. Can you recommend a good who specialises in lease extensions?

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