Frequently asked questions relating to Penkridge Lease Extensions

  • So this is the scenario: I inherited a maisonette in Penkridge that I am finding difficult to sell due to the lease requiring a lease extension. What's your legal fee ?
  • I need to extend my current lease can you assist? I think it has sixety eight years balance left
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 928 years residual lease term so a lease extension is not required. 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 guidance would be much appreciated.
  • I have contacted my freeholder for a lease extension for my flat in Penkridge. His has been in contact with charges etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started February 1992.
  • I'm considering purchasing a maisonette (leasehold) but the landlord has been absent for nearly 15yrs. My query is would it be cheaper to try to buy the reversionary title or to extend lease and apply for right to manage?
  • I inherited a ground floor flat in Penkridge. I am looking for a lease extension on the property. It is just over eighty one years. I would just like to know what your charges are and how long the process takes.
  • I have a leasehold apartment in Penkridge. I have built a huge extension and have not informed my leaseholder. What should I do?
  • I will soon view a two bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 64 years residual lease term on the lease. It is also a repossession so I'm assuming that the lender will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the total cost excluding vat and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my garden flat in Penkridge
  • We are hoping to acquire a property (a one bed flat based inPenkridge with share of freehold). During our search, we were always looking at flats that had at least eighty five years residual lease term. We found a apartment we liked and the estate agent promised us that the lease term was not an issue. Today our told us the lease only has seventy five years and thus needs a lease extension. Do we walk 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 Penkridge