Lease Extensions in Sandiacre

Questions and Answers: Sandiacre Lease Extensions

So this is the scenario: I bought a ground floor flat in Sandiacre that I now cannot sell due to the lease needing a lease extension. Can you please help me with this situation ?

I need to extend my existing lease can you assist? I think it has seventy two years left

I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has fivety nine years left.

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 would like to know the likely expense and the optimum way to get a lease extension started? I have around sixety six years unexpired lease and I own a maisonette in Sandiacre.

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 doing it?

My father knows that others in the same building previously had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on previous premiums paid . This would save on double valuation charges. Would you suggest such a course of action?

I require an estimate to extend my aunt’s lease on a three bedroom second floor purpose built flat in Sandiacre. She already has a price from the landlord for a lease extension but I am not sure it is too high.

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my two bedroom first floor purpose built maisonette in Sandiacre

I'm looking for some advice with regard to a lease extension on my garden flat in Sandiacre. 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 Sandiacre