Recently asked questions relating to Penwortham Lease Extensions

  • I’m about to offer on a one bedroom apartment to purchase in the Penwortham area and was curious how much would it cost for a lease extension? It has fivety nine years unexpired...
  • I am looking for a lease extension on the lease on my garden flat in Penwortham which will have 54 years unexpired lease in November. What fees do you charge for this?
  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 798 years 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 advice would be much appreciated.
  • I am looking for a property lawyers in Penwortham and they need to be on the Leeds Building Society approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend any please ?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am going to purchase a flat located in Penwortham. The offer is conditional upon a lease extension. The homeowner’s lawyers has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Leeds Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • Think I may have made a mistake, I am searching for a conveyancers in Penwortham who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
  • We wish to extend our lease having owned the property for two years as of 13th March 2016. It has circa 72 years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as is reasonably achievable.
  • I own the freehold reversion of a property in Penwortham where the leaseholder has requested a lease extension. Her valuer has given a figure of £8,000, but has increased this by £2,000 without too much effort. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to incur?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom first floor purpose built flat in Penwortham
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    Lease Extensions in Penwortham

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