Questions and Answers: Peak District Lease Extensions

  • Hi, I just randomly found this site. I'm looking for prices on what a lease extension will cost for a two bedroom ground floor purpose built flat located in Peak District. It's up for sale at the moment but has roughly 55 years unexpired lease on the lease
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has fivety six years balance left.
  • Possibly made an error, I am seeking a in Peak District who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can help me with?
  • I am a FTB of a leasehold flat in Peak District. The lease has only 76 years unexpired and ground rent is £50. Is it possible for the vendor to serve the Section 42 Notice and then assign over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the vendor? To add to the complexity it’s the case of an missing landlord, so I am not sure how does it work.
  • I am considering purchasing an auction property and identified a one bed flat in Peak District. It has just fifty-one year lease..the seller as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this except for the expensive fee to put a new lease on it and reduced chance of obtaining a mortgage with Santander?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • I'm living with my mother and father but have a one bed flat in Peak District let out which has a 57 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Peak District for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • I own the freehold reversion of a property in Peak District where the leaseholder would like a lease extension. Her so called valuation expert has given a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My surveyor has suggested a much higher amount. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to face?
  • I have 75 years remaining on my lease of a ground floor flat in Peak District, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my three bed flat in Peak District

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