Reddish Lease Extensions

Common questions relating to Reddish Lease Extensions

Do you only handle lease extensions in Reddish? I own a flat in Abbey Wood with 90 years remaining, I am looking for a quote from a .

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 plan on buying a flat based in Reddish. My offer is conditional upon a lease extension. The vendor’s has served 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 Britannia. Moreover, which are the following lease extension steps to complete the purchase?

We are the registered owners of a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Reddish and looking to do a vesting order. Is this something you can handle for us?

I am seeking advice as I am interested in a property that has only a 64 year lease and therefore requires a lease extension. Is it possible for me to talk with someone to discuss my options please?

We would like to know the cost of a lease extension valuation for a property based in Reddish. Would you be able to help?

If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?

I own the freehold reversion of a property in Reddish and a leaseholder would like a lease extension. Her so called valuation expert has given a figure of £9,000, but has upped this to £10,000 without too much effort. My surveyor has suggested a much higher figure. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?

We have a studio flat in Reddish with a lease of sixety one years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

I'm looking for some advice with regard to a lease extension on my three bed flat in Reddish. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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