Frequently asked questions relating to Prescot Lease Extensions

  • I agreed with the freeholder to a lease extension on our flat based in Prescot, 14.5k for an extension by 90yrs. Can you please assist us with this situation ?
  • I need to negotiate a lease extension for a flat in Prescot and want to use a local property lawyers. Are you able to help me find a conveyancers?
  • I have a lease of 65 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I'm planning on buying a garden flat (leasehold) but the landlord has been absent for slightly less than 15yrs. My query is would it be cheaper to try to purchase the reversionary title or to extend lease and apply for right to manage?
  • How much will I need to spend and what is the best way to get a lease extension started? I have approximately 75 years outstanding on my lease on a garden flat in Prescot. I have contacted the agent who act on behalf of the head landlord and they provided me with the number of the valuer. I have contacted the surveyor but I am not getting any calls back.
  • I am looking at acquiring an auction property and came upon a two bed flat in Prescot. It has just fifty-one year lease..the vendor being mortgagees in possession will not want to mess around with applying for a lease extension..what are the drawbacks of this other than the expensive fee to extend the lease and reduced chance of getting a mortgage with Bank of Ireland?
  • My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My husband and I are buying a one bed flat in Prescot which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced extending the lease. The seller has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our conveyancing practitioners to do a "priority search" on the property title. The problem here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must wait until the lease extension has actually been registered before completing.?
  • Just a quick question, how much is the premium payable for a lease extension on a residential property in Prescot for a three bed flat - section 42 having been issued?
  • I'm hoping for some assistance with regard to extending the lease on my apartment. The intention is to do this in six months time as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
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    Lease Extensions in Prescot

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