Top Ten Questions relating to Stalybridge Lease Extensions

  • I need to extend my current lease can you assist? I think it has seventy two years outstanding
  • I'm about to make an offer on a house in Stalybridge but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Clydesdale giving us the mortgage now?
  • I want to purchase a leasehold property and lease extension. The current owner has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 899 years unexpired so a lease extension is not required. 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 owning the property. Any advice would be much appreciated.
  • My husband and I have a leasehold flat in Stalybridge with sixety four years left. Ten months ago we were quoted a deal to grant a lease extension for another thirty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 16k. We have now decided to proceed but do we now have to renegotiate?
  • I am the owner of a purpose-built apartment based in a small block in Stalybridge. The leasehold interest in the apartment on a 99 year lease started on 11th October 1969 with a fixed yearly rent of 35. I wish to obtain a lease extension. Can I talk with someone to go through my options please?
  • We have owned a leasehold flat for about fifteen years. It now has 76 years left on the lease. Following a year of protracted negotiations through my conveyancing practitioners 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 a Tribunal and would welcome some independent thoughts.
  • Although I do not need a lease extension but I do require a vesting order on a property I want to acquire in Stalybridge. The house is freehold but the garden is officially leasehold, 1000 year lease from 1895. Its the garden area.
  • 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 extending the lease?
  • My husband and I are in the throws of buying a flat (a garden flat inStalybridge with share of freehold). During our search, we were always looking at apartments that had a minimum eighty five years outstanding. We identified a apartment we fell in love with and the estate agent assured that the lease term was not an issue. Today our solicitors advised us the lease only has sixety seven years and thus needs a lease extension. Should we walk away, or do 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?
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    Lease Extensions in Stalybridge

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