Frequently asked questions relating to Turnpike Lane Lease Extensions

  • Me and my OH are thinking about a lease extension for our flat based in Turnpike Lane and we are confused by the communication that we got from our landlord company. How long will it take?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 67 years residual lease term.
  • My neighbours and I are in a block made up four flats in Turnpike Lane and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I will soon view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has fivety eight years left on the lease. It is also a repo so I'm guessing that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
  • I am looking at purchasing an auction property and identified a studio flat in Turnpike Lane. It has just fifty-one year lease..the vendor being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and decreased chance of getting a mortgage with Skipton Building Society?
  • My husband and I had entered into buying a garden flat in Turnpike Lane. I was advised by the EA that the lease extension had already been completed while on a viewing (77 years unexpired lease prior to extension). The sales particulars said "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The seller apparently has a quote but no finances to extend and consequently the homeowner wants to exchange and use the my deposit to extend the lease. My question is is it not odd that my solicitors failed to pick this up far earlier than just before exchange?
  • I am in need of a lease extension for my flat in Turnpike Lane and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Turnpike Lane. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I am planning on refinancing my studio flat in Turnpike Lane and the bank that I am looking to move to requires at least 85 years remaining on the lease in order for them to progress matters. We currently have around 62 years on the leasehold so looking for some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • I have seventy five years remaining on my lease of a ground floor flat in Turnpike Lane, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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