Nantwich Lease Extensions Example Support Desk Enquiries

  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 798 years remaining so a lease extension is not a concern. 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 owning the property. Any help would be much appreciated.
  • I am looking to buy a studio flat in Nantwich with a lease of seventy four years but have no idea what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Nantwich, and my lease will reach seventy five years this April. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I am the registered owner of a garden flat in Nantwich. I am looking for a lease extension on the property. It is around eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I'm looking for a flat to purchase in Nantwich and I'm not really familiar with the leasehold tenure. I've found a place I like with a 87 years lease. My research reveals that I can get a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Lloyds TSB Bank?
  • I am thinking about bidding for an auction property and came upon a two bed flat in Nantwich. It only has a 41 year lease..the seller being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and reduced chance of obtaining a mortgage with Norwich and Peterborough Building Society?
  • 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?
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Nantwich for a two bed flat - sec 42 having been issued?
  • We are hoping to acquire a flat (a ground floor flat based inNantwich with share of freehold). Throughout our search, we were always looking at properties that had at least 83 years left on the lease. We identified a flat we liked and the selling agent promised us that the lease term was not an issue. Yesterday our advised us the lease only has seventy years and thus needs a lease extension. Should we walk away, or do we reduce our offer?
  • I have 64 years remaining on my lease of a ground floor flat in Nantwich, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

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