FAQs concerning Reddish Lease Extensions

  • I own a property in Reddish and it has just over seventy two years unexpired. I'd like to arrange a lease extension by twenty years
  • 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'm deliberating over buying a studio flat (leasehold) but the landlord has been absent for approximately 15yrs. My question is would it be cheaper to try to purchase the reversionary title or to get a lease extension and apply for RTM?
  • I am a freeholder of a block of flats in Reddish, and the leaseholders are in the process of being granted lease extensions. I anticipate receiving funds next week. How does the tax work, the property is co-owned with my partner ?
  • My wife and I have owned a leasehold flat for approximately fifteen years. There are fivety seven years outstanding on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would appreciate some independent thoughts.
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in Reddish. The house is freehold but the garden is officially leasehold, 995 year lease from 1889. Its the rear garden.
  • I have a freehold of a one bedroom flat in Reddish. The leaseholders have 54 years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • I'm intent on acquiring a flat in Reddish at a price of £256,000 the flat has something like sixety years left on the lease. My offer was subject to a lease extension... .. that was back in August, expecting I'd have moved in by Christmas. They have just informed me that they are prepared to reduce the price by£2k if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
  • I am the freeholder of a property in Reddish where the 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 at the drop of a hat. My surveyor has come back with £12,520. 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in Reddish

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