Morecambe Lease Extensions: Q and A’s

  • I am seeking a lease extension for our garden flat in Morecambe and we are confused by the letter that we got from our freehold company. How long will it take?
  • My husband and I have just bought a two bedroom second floor purpose built maisonette based inMorecambe and I'm deliberating a lease extension as soon as I can e.g. after a couple of years
  • I’m just looking for a a property to buy in the Morecambe area and was wondering how much would it cost to extend a lease? It has 55 years unexpired...
  • I purchased a property in Morecambe and it has approximately seventy four years unexpired. I'd like to arrange a lease extension by twenty years
  • I invested in buying a studio flat based in Morecambe with a leasehold unexpired of 77 years. I am wondering about how much I will need to spend to extend my lease
  • I am going to purchase a flat in Morecambe. The offer is conditional upon a lease extension. The current owner’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Skipton Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • Are you able to advise on the likely financials and the optimum way to start the lease extension process? I have approximately sixety years outstanding and I own a one bedroom apartment in Morecambe.
  • I am a freeholder of a block of flats in Morecambe, and the tenants are in the process of being granted lease extensions. I should hopefully get the money within a month or so. How does the tax work, the property is in joint names with my wife ?
  • We would like to know the cost of a lease extension valuation for a property based in Morecambe. Would you be able to help?
  • Me and my wife are in the throws of buying a flat (a maisonette inMorecambe with share of freehold). Throughout our search, we were always looking at flats that had a minimum ninety years left on the lease. We came across a apartment we fell in love with and the selling agent assured that the lease term was not an issue. This morning our told us the lease only has sixety five years and thus requires a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

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