Morley Lease Extensions

Top Ten Questions relating to Morley Lease Extensions

I am looking for a lease extension on the lease on my three bed flat in Morley which will have sixety two years remaining in June. What fees are applicable?

I am about to put an offer in on a garden flat in Morley with a lease of sixety years but unsure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.

I am going to purchase a flat based in Morley. My offer is conditional upon a lease extension. The homeowner’s has served 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 Lloyds TSB Bank. Moreover, which are the following lease extension steps to complete the purchase?

I'm thinking of buying a garden flat (leasehold) but the freeholder has been missing for nearly 15yrs. My query is would it be less expensive to try to purchase the reversionary title or to get a lease extension and apply for RTM?

I am concerned that my niece is being hoodwinked. She submitted an offer on a garden flat in Morley, where the lease is roughly fivety seven years but she was advised by the selling agents that the owner had extended it to 99 years. She has now been informed the seller was holding off for her to retain solicitors ahead of instigating the lease extension. Seems underhand, also it will take time to sort it all out. Am I reading too much into it?

I own a share of the freehold. There are four apartments in the block. All the leaseholders are now seeking lease extensions. What are the timescales to grant a lease extension?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

I am in need of some help with a lease extension. I live in Edinburgh but the property in question is based in Morley. I would be grateful if you can give me a call when you get a chance to discuss the case.

I know that others in the same building had already had a lease extension, and the landlord was reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on previous prices . This would save on double valuation fees. Is this advisable?

I am planning on remortgaging my maisonette in Morley and the new lender that I am looking to move to requires at least 80 years on the leasehold of my property in order for them to take the mortgage forward. I have discovered that I currently have around 59 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process

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