Recently asked questions relating to Prestwich Lease Extensions

  • I'm about to make an offer on a house in Prestwich but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect TSB giving us the mortgage now?
  • I inherited a one bedroom apartment based in Prestwich with a leasehold unexpired of sixety four years. I am curious about how much I will need to spend to extend my lease
  • I inherited a two bedroom ground floor purpose built maisonette in Prestwich. The lease commenced in 1997 for 99 years. Now I am wanting to extend the lease. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?
  • In 2012 I purchased a leasehold flat in Prestwich. I have built a huge extension and have not informed the freeholder. What should I do?
  • I would like to know the likely cost and the optimum way to start the lease extension process? I have slightly less than seventy seven years remaining and I own a maisonette in Prestwich.
  • I'm living with my parents but have a maisonette in Prestwich let out which has a 55 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Prestwich for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • My partner and I have been in discussion with our freeholder after having a valuation on our maisonette in Prestwich. We have a 62 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • Me and my partner are purchasing a 2 bed flat in Prestwich which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our to do a "priority search" on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we have to wait pending registration of the new lease?
  • I am the registered freeholder to two flats. Someone has the lease on the lower flat in Prestwich. I reside in the upper flat. I was looking at the title deeds last night when I noticed that my flat has a lease on it. There is fivety nine years residual lease term. Is it possible to carry out a lease extension without using a ?
  • I own the freehold reversion of a property in Prestwich where the leaseholder would like a lease extension. Her so called valuation expert has given a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?

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