Prestwich Lease Extensions Example Support Desk Enquiries

  • 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 looking into the costs of carrying out a lease extension for my maisonette in Prestwich, and would like some figures on that.
  • I am a first time buyer of a leasehold flat in Prestwich. The lease has only 78 years left and ground rent is £50. Is it possible for the vendor to serve the Initial Notice and then transfer this right to me as the purchaser once I complete the buying process so that I can avoid waiting 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 consuming to the vendor? Unfortunately it’s the case of an absent landlord, so I am not sure how does it work.
  • I am concerned that my niece is being hoodwinked. She put in an offer on a maisonette in Prestwich, where the lease is around 76 years but she was informed by the estate agents that the current owner had extended it to 99 years. Only now has she been advised the flat owner was waiting for her to instruct solicitors prior to commencing with the lease extension. Sounds devious, also it could take time to sort it all out. Am I being too sceptical?
  • My mortgage lender is requesting a £600 fee for their to agree a lease extension for my flat in Prestwich... I am unable to find any reference of this in my mortgage literature... is this a standard cost that they charge?
  • I am in need of a lease extension for my flat in Prestwich and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • My (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?
  • Hi I own the freehold title in a 2 bedroom flat in Prestwich. The leaseholder has a seventy year lease and would like to purchase an additional 90 years. She is offering me £21,000 but I am not sure if this is too low an offer
  • My husband and I are hoping to acquire a flat (a 2 bed flat located inPrestwich with share of freehold). During our search, we were always looking at flats that had a minimum 84 years residual lease term. We came across a place we liked and the estate agent promised us that the lease was long albeit not specifying a number. Yesterday our informed us the lease only has seventy two years and thus needs a lease extension. Do we run away, or do 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 freeholder of a property in Prestwich where the leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has upped this by £2,000 without too much effort. My surveyor has recommended a much higher premium. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what costs would I be likely to face?

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