Top Ten Questions relating to Queensbury Lease Extensions

  • I am about to view a one bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has sixety four years remaining on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am a freeholder of a block of flats in Queensbury, and the leaseholders are in the process of being given lease extensions. I anticipate receiving the money within a month or so. Are there any tax implications, the property is in joint names with my partner ?
  • I would like some advice on purchasing a leasehold residence. We are going to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Queensbury area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Queensbury. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • My OH and I are hoping to buy a home (a garden flat based inQueensbury with share of freehold). During our search, we were always looking at apartments that had at least 83 years residual lease term. We found a apartment we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Today our informed us the lease only has 63 years and therefore requires a lease extension. Should we run away, or do we reduce our offer?
  • I own the freehold of a couple of flats. Someone has the lease on the garden flat in Queensbury. I live in the top flat. I was reviewing the land registry documents today when I noticed that my flat is leasehold. There is fivety four years remaining. Is it possible to carry out a lease extension without using a ?
  • I know that others in the same building had already had a lease extension, and the freeholder seemed reasonable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Would you recommend this course of action?
  • We currently own a garden flat in Queensbury and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 62 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Queensbury as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We have a one bedroom apartment in Queensbury with a lease of 74 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

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