Lease Extensions in Romiley

Romiley Lease Extensions: Q and A’s

I am interested in getting a lease extension for a flat in Romiley and want to use a local . Is there a that you can recommend?

I have contacted my freeholder for a lease extension for my flat in Romiley. His has been in contact concerning costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started Septembmer 1993.

I own a three bed flat in Romiley. The lease commenced in 1991 for 99 years. Now I am looking to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?

I am deliberating whether to purchase the freehold or a lease extension of my property in Romiley and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Barnsley Building Society to release of equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease started in 1979 and since then the ground rent has increased from £25.00 per year to £300 per annum.

I am looking to buy a one bed flat in Romiley for asking price of 125k, which has 71 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

Me and my wife are are hoping to complete on a one bedroom first floor purpose built flat in Romiley which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of extending the lease. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our to do a pre-completion search on the lease. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we must hold on until the lease extension has actually been registered before completing.?

My and my husband are concerned about seeking a lease extension from a difficult freeholder. Notwithstanding that the correct procedures were followed under the appropriate legislation, the landlord still attempted to get ground rent of £250 increasing by 100% every 25 years of the new term. Can you assist?

I am currently negotiating a lease extension for my flat in Romiley 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?

I'm looking for some advice with regard to a lease extension on my ground floor flat in Romiley. 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?

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