Trafford Lease Extensions

Trafford Lease Extensions: Q and A’s

I have shares in the freehold of buildings comprising of 8 flats each. Two of the leasehold owners want to extend their leases and I'm enquiring about the procedure for this

My wife has a flat in Trafford which we are about to put on the market. The leasehold has around seventy one years balance left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.

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 am the owner of a maisonnette together with the freehold title. The owners of the upstairs flat have asked for a lease extension what do I need to do?

I am looking into the costs of carrying out a lease extension for my one bedroom first floor purpose built flat in Trafford, and would like some figures on that.

I am deliberating whether to purchase the freehold or a lease extension of my property in Trafford and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Barclays Direct to release of equity. The adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease commenced in 1979 and since then the ground rent has increased from £25.00 per annum to £300 per year.

I have a share of the freehold. There are four flats in the house. All the leaseholders are now looking for lease extensions. What are the timescales to grant a lease extension?

I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around sixety nine years. I need a at my end. Can you advise please? I live near Trafford and have a mortgage with Skipton Building Society.

I am the freeholder of a property in Trafford and a leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My valuer has put forward a much higher figure. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what costs would I be likely to face?

I am planning on refinancing my two bedroom first floor purpose built flat in Trafford and the next lender that I am looking to switch to needs a minimum 85 years remaining on the lease in order for them to progress matters. I have found that I currently have around 63 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process

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