Recently asked questions relating to Melbourne Lease Extensions

  • I’m about to offer on a three bedroom second floor purpose built flat to purchase in the Melbourne area and was wondering what the likely fees would be for a lease extension? It has 54 years outstanding...
  • We are in a building of four flats in Melbourne and have been offered to buy the freehold for £5000 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?
  • Think I may have made an error, I am seeking a conveyancers in Melbourne who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to assist me with?
  • The terms for the lease on my apartment in Melbourne are 99 years from 15 Feb 1988. Please give me a quote for a lease extension if I give you more details please?
  • I have my suspicions that my daughter might have had the wool pulled over her eyes. She put in an offer on a maisonette in Melbourne, where the lease is slightly more 60 years but she was told by the estate agents that the homeowner had extended it to 125 years. She has now been told the seller was waiting for her to retain solicitors before commencing with the lease extension. Sounds underhand, also it will take time to sort it all out. What do you think?
  • I am thinking about purchasing an auction property and found a two bed flat in Melbourne. It only has a 49 year lease..the current owner as mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and decreased chance of obtaining a mortgage with Halifax?
  • My leasehold flat in Melbourne is up for sale and I have a hopefully firm offer. There is 79 years unexpired on the lease and I want to extend the lease. How much will it likely cost to get a lease extension by, say,ninety years
  • I am in need of a lease extension for my flat in Melbourne and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • I'm intent on acquiring an apartment in Melbourne at a price of £210,000 the flat has approximately seventy one years remaining on the lease. My offer was subject to a lease extension... .. that was back in September, expecting I'd have completed before now. The owner has just informed the agent they'll knock £5k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
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    Lease Extensions in Melbourne

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