Common questions relating to St Annes Park Lease Extensions

  • Hi, I just randomly found your website. I'm looking for prices on what it cost to extend a lease of a ground floor flat in St Annes Park. It's up for sale at the moment but has nearon 57 years left on the lease
  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 928 years outstanding so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any help would be much appreciated.
  • I am looking into the costs of carrying out a lease extension for my garden flat in St Annes Park, and would like some figures on that.
  • Is it possible to talk with you about an apartment in St Annes Park, I am considering buying at auction next month. The flat has a short lease and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • I am thinking about bidding for an auction property and came upon a studio flat in St Annes Park. It only has a 48 year lease..the current owner being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with Britannia?
  • I intend to buy a one bed flat in St Annes Park for asking price of 145k, which has 62 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • Me and my husband have owned a leasehold flat for around fifteen years. There are 75 years left on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
  • I am planning to extend the lease on my garden flat in St Annes Park 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.
  • Coming up to two years that I have owned my one bedroom apartment in St Annes Park. I have sixety one years left on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a St Annes Park based or any will do fine?
  • If somebody 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?

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