Frequently asked questions relating to Trafford Lease Extensions

  • 40k agreed with the landlord’s agents, just attempting to find a Trafford lawyers for a lease extension. Our flat has about 60 yrsoutstanding. How long will this take ?
  • I bought a three bedroom first floor purpose built maisonette in Trafford. The lease started in 1992 for 99 years. Now I am wanting to extend the lease. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
  • We are selling our one bedroom apartment in Trafford but we may need to extend the lease, or at least cover the expense of our purchaser. Are you able to recommend a property lawyers to handle this?
  • Last year I purchased a leasehold flat in Trafford. I have built a big extension and have not informed my freeholder. What are my options?
  • We have a leasehold flat in Trafford with sixety years unexpired. Ten months ago we were quoted a deal to have a lease extension for a further fifty years but also uplift the ground rent from nominal to £200 per year..plus a premium I think of approximately 16k. We have now decided to go ahead but do we now have to renegotiate?
  • I would like some guidance on leasehold property buying. We plan to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Trafford area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • I own the freehold of a couple of flats. Someone has the lease on the ground flat in Trafford. I live in the upper flat. I was reviewing the land registry documents yesterday when I noticed that my flat is leasehold. There is 79 years unexpired. If I want a lease extension then would I just be paying for the property lawyers costs?
  • I own the freehold reversion of a property in Trafford where the leaseholder has requested a lease extension. Her valuer has suggested a figure of £8,000, but has increased this by £2,000 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 armed with the valuations I have? If not, what fee would I be likely to face?
  • I am planning on remortgaging my studio flat in Trafford and the bank that I am looking to move to needs a minimum 85 years on the leasehold of my property in order for them to progress matters. We currently have around fivety nine years on the leasehold so require some help, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Trafford 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 Trafford

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