FAQs concerning Prescot Lease Extensions

  • 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 would like to have my residential flat leasehold extension premium assessed. The flat is in Prescot, and my lease will reach 61 years this October. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I'm deliberating over purchasing a one bedroom ground floor purpose built flat (leasehold) but the freeholder has been missing for around 15yrs. I wonder whether it will be cheaper to try to acquire the freehold or to extend lease and apply for RTM?
  • The terms for the lease on my apartment in Prescot are 101 years from 15 Jan 1990. Please provide me a quote for a lease extension if I give you more details please?
  • I am a FTB of a leasehold flat in Prescot. The lease has only 55 years unexpired and ground rent is £50. Is it possible for the owner to serve the Initial Notice and then transfer this right to me as the buyer once I complete the buying process so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the homeowner? To add to the complexity the landlord is absent, so I am not sure how this will play out.
  • I an interested in finding out more about leasehold property buying. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Prescot area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • It says on your website the anticipated fee to extend a lease is £495. Is that the total cost including value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my maisonette in Prescot
  • I own the freehold reversion of a property in Prescot and a leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. 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 require an estimate to extend my aunt’s lease on a one bedroom apartment in Prescot. She recently got a figure from the landlord for a lease extension but I am unclear whether it is too high.
  • I have a lease of sixety two years remaining on my flat in Prescot. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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