FAQs concerning Red Lodge Lease Extensions

  • My wife and I are seeking a lease extension for our garden flat in Red Lodge and we don't fully understand the communication that we got from our freehold company. How long will it take?
  • I want to buy a leasehold property and extend the lease. The current owner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am looking for a in Red Lodge and they need to be on the Barclays Direct approved conveyancers panel as we need a lease extension and remortgage at the same time. Are you able to recommend any please ?
  • My co-lessees and I are in a block containing three flats in Red Lodge and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Possibly made a mistake, I am searching for a in Red Lodge who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to assist me with?
  • I am a first time buyer of a leasehold flat in Red Lodge. The lease has just 62 years remaining and ground rent is £75. Is it possible for the flat owner to serve the Initial Notice and then transfer this right to me as the purchaser on the day of completion 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 may be possible but will it be very time consuming to the homeowner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
  • I am a landlord of a block of flats in Red Lodge, and the leaseholders are in the process of being issued lease extensions. I should hopefully get the money within a month or so. How does the tax work, the property is co-owned with my partner ?
  • I am thinking about bidding for an auction property and found a one bed flat in Red Lodge. It only has a 48 year lease..the vendor as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and decreased chance of obtaining a mortgage with The Royal Bank of Scotland?
  • I'm living at mother and father but have a one bedroom apartment in Red Lodge let out which has a sixety six 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 Red Lodge 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 21k. Should I keep or sell the flat?
  • Just a quick one, how much is the premium payable for a lease extension on a residential property in Red Lodge for a two bed flat - sec 42 having been issued?

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