Questions and Answers: Ramsbottom Lease Extensions

  • I am considering investing in a second home but it has a lease that expires in eighteen years. Its in Ramsbottom - I wanted to see if with your services it is possible for this to be extended?
  • I bought a one bed flat based in Ramsbottom with a leasehold unexpired of seventy seven years. I am wondering about how much I will need to spend to extend my lease
  • I plan on buying a flat based in Ramsbottom. The offer is conditional upon a lease extension. The seller’s has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Accord Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • The terms for the lease on my apartment in Ramsbottom are 101 years from 1 Dec 1980. Please give me a quote to extend the lease if I give you more information please?
  • I am looking into the costs of carrying out a lease extension for my one bedroom apartment in Ramsbottom, and would like some figures on that.
  • I'm looking for an apartment to buy in Ramsbottom and I'm not really familiar with the leasehold concept. I've found a studio flat I like with a 87 years lease. My research reveals that I can go for a lease extension after 2 years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
  • My partner and I are proceeding with a purchase of a ground floor flat in Ramsbottom. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety four years left prior to extension). The description on the listing stated "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The vendor apparently has a quote but no money to extend as a result the owner wishes to exchange and use the 10% deposit for the lease extension. My question is why has this only just been brought to my attention by my ?
  • I intend to buy a one bed flat in Ramsbottom for asking price of 125k, which has seventy years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • Me and my partner have been in discussion with our freeholder after having a valuation on our studio flat in Ramsbottom. We have a seventy nine year lease and we wish to increase this to 99. The Freeholder has given 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.
  • Just a quick question, how much is the premium payable for a lease extension on a residential property in Ramsbottom for a two bed flat - sec 42 having been issued?

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