FAQs concerning Speke Lease Extensions

  • I am the registered owner of a flat in Speke with a leasehold unexpired roughly sixety four years and need to extend it. Please can you advise me of the next stages
  • I need to extend my existing lease can you assist? I think it has 68 years residual lease term
  • I am looking to purchase a one bed flat in Speke with a lease of sixety nine years but not sure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I am looking into the costs of carrying out a lease extension for my garden flat in Speke, and would like some figures on that.
  • I will soon view a one bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has seventy five years outstanding on the lease. It is also a repo so I'm guessing that the bank will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I own a share of the freehold. There are three flats in the building. All the leaseholders are now requiring lease extensions. What's your legal fee?
  • I would like some guidance on purchasing a leasehold residence. We plan to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Speke area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I am looking to extend the lease on my ground floor flat in Speke I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • We are hoping to buy a property (a ground floor flat based inSpeke with share of freehold). During our search, we were always looking at properties that had a minimum ninety years balance left. We came across a flat we fell in love with and the selling agent assured that the lease was long albeit not specifying a number. Yesterday our conveyancers told us the lease only has 66 years and thus needs a lease extension. Should we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am currently negotiating a lease extension for my flat in Speke 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?
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    Lease Extensions in Speke

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