Frequently asked questions relating to Trafford Lease Extensions

  • I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. 2 of the leaseholders want a lease extension and I'm enquiring about the procedure for this
  • My wife has an apartment in Trafford which we are about to put on the market. The leasehold has approximately 68 years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Many thanks.
  • I'm wanting to make an offer on a house in Trafford 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 Nottingham Building Society giving us the mortgage now?
  • I want to purchase a leasehold property and lease extension. The current owner has been there for four 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 ?
  • I purchased a studio flat in Trafford. The lease commenced in 1992 for 99 years. Now I am wanting for a lease extension. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
  • 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 £2500 to extend the lease. I will be doing a remortgage with Leeds Building Society to release of equity. The broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease started in 1979 and since then the ground rent has been raised from £38.00 per year to £200 per year.
  • What will it cost me and what is the best way to get a lease extension started? I have roughly 75 years remaining on my lease on a garden flat in Trafford. I have emailed the agent who represent the landlord and they sent me the number of the surveyor. I left a phone message for the surveyor but I am not getting any kind of response.
  • I have my suspicions that my niece is being hoodwinked. She put in an offer on a garden flat in Trafford, where the lease is about 70 years but she was advised by the estate agents that the homeowner had extended it to 99 years. She has now been informed the seller was holding off for her to instruct solicitors before commencing with the lease extension. Sounds underhand, also it could take months to sort it all out. What do you think?
  • We are looking to extend our lease. We will have been in the flat for 2 years as of 11th Jan 2015. It has slightly more than sixety nine years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as possible.
  • 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?

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