Preston Lease Extensions

Common questions relating to Preston Lease Extensions

35k agreed with the freeholder, just trying to find a Preston for a lease extension. Our flat has slightly less 61 yearsleft. Are you able to help us with this situation ?

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 valued. The flat is in Preston, and my lease will reach seventy nine years this June. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?

I have contacted my freeholder for a lease extension for my flat in Preston. His has been in contact with costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started May 199.

I'm looking for an apartment to purchase in Preston and I'm not really familiar with the leasehold arrangement. I've found a place I like with a 82 years lease. My research reveals that I can apply for a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with the mortgage?

I am about to view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has seventy four years remaining 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?

I am considering purchasing an auction property and came upon a two bed flat in Preston. It only has a 41 year lease..the current owner being mortgagees in possession dont want to mess around with applying for a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and decreased chance of getting a mortgage with Accord Mortgages Ltd?

Offer accepted on a a one bedroom apartment in Preston, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as eighty years.We are about to exchange contracts within a week. My query is Have the estate agents breached any law by misrepresenting the position concerning the lease term?

My partner and I are in the throws of buying a property (a studio flat based inPreston with share of freehold). Throughout our search, we were always looking at flats that had at least 83 years balance left. We came across a apartment we fell in love with and the selling agent assured that the lease was long albeit not specifying a number. Today our told us the lease only has 68 years and thus needs a lease extension. Should we run away, or should 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?

I am the registered freeholder to two flats. Someone has the lease on the lower flat in Preston. I occupy in the top flat. I was reviewing the land registry documents yesterday when I noticed that my flat has a lease on it. There is 68 years unexpired. Is it possible to carry out a lease extension without retaining a ?

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