Penwortham Lease Extensions

Recently asked questions relating to Penwortham Lease Extensions

I have a lease of 67 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

I am the owner of a maisonnette together with the freehold. My upstairs neighbours have asked to extend the lease what do I need to do?

I'm thinking of purchasing a three bed flat (leasehold) but the landlord has been missing for just over 15yrs. My question is would it be less expensive to try to buy the reversionary title or to extend lease and apply for RTM?

We are in a block made up five flats in Penwortham and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

The terms for the lease on my flat in Penwortham are 101 years from 14 Feb 1989. Can you provide me a quote to extend the lease if I give you more specifics please?

I am the registered owner of a one bedroom apartment in Penwortham. I am looking for a lease extension on the property. It is approximately eighty years. I would just like to know what your charges are and how long the process takes.

I am looking to either purchase the freehold or a lease extension of my property in Penwortham and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Alliance & Leicester to release of equity. The broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease commenced in 1979 and since then the ground rent has increased from £15.00 per annum to £300 per year.

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

I am currently negotiating a lease extension for my flat in Penwortham 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?

We have a garden flat in Penwortham with a lease of sixety years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?

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