Questions and Answers: Moston Lease Extensions

  • I have just bought a ground floor flat based inMoston and I'm deliberating a lease extension as soon as I can e.g. in 24 months of ownership
  • I have shares in the freehold of 2 blocks of flats comprising of seven flats each. 2 of the leasehold owners want to extend their leases and I'm enquiring about the the process
  • We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 899 years balance left so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any feedback would be much appreciated.
  • I wondered if you could help me on the likely charges and the optimum way to get a lease extension started? I have around seventy seven years outstanding and I own a one bedroom apartment in Moston.
  • My husband and I have a leasehold flat in Moston with seventy four years to run. Ten months ago we were quoted a deal to receive a lease extension for another thirty years but also increase ground rent from nominal to a little more..plus a premium I think of about 16k. We have now decided to proceed but do we now have to start the negotiations again?
  • I'm looking at buying a flat in Moston valued at £195,000 the flat has just under 66 years remaining on the lease. My offer was subject to the lease being renewed... .. that was back in September, hoping I'd be in by now. The owner has just informed the agent that they are prepared to reduce the price by£7k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • I am planning on refinancing my one bedroom apartment in Moston and the mortgage company that I am looking to move to requires at least 85 years remaining on the lease in order for them to progress matters. I have found that I currently have around seventy two years on the leasehold so looking for some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • I am currently negotiating a lease extension for my flat in Moston as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • Do you handle lease extensions on land? (a plot of land in Moston with 82yrs remaining)
  • I'm looking for some advice with regard to a lease extension on my one bedroom second floor purpose built flat in Moston. 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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