Common questions relating to Ulverston Lease Extensions

  • I’m just looking for a three bedroom ground floor purpose built maisonette to purchase in the Ulverston area and was enquiring what the likely fees would be for a lease extension? It has sixety five years unexpired...
  • I acquired a flat in Ulverston with a leasehold unexpired just over 64 years and need to extend it. Please can you clarify the next steps
  • I have an interest in the freehold of buildings comprising of seven flats each. Two of the leaseholders want to extend their leases and I'm curious about the the process
  • I'm about to make an offer on a house in Ulverston but I'm a little worried 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 National Westminster Bank giving us the mortgage now?
  • I own a maisonnette together with the freehold of both flats. The owners of the downstairs flat have asked for a lease extension what do I need to do?
  • I invested in buying a one bed flat in Ulverston. I am looking to extend lease on the property. It is approaching 80 years. I would just like to know what your charges are and how long the process takes.
  • Ref a property in Ulverston. GFF maisonette. fivety eight yrs remaining. I have negotiated a lease extension price of £12,000 for 135yrs. Landlord also insisted on Notice of Claim which I think should not be necessary. Advice required.
  • We have a ground floor flat in Ulverston with fivety nine years unexpired. Last year we were quoted a deal to receive a lease extension for another fifty years but also increase ground rent from nominal to £200 per year..plus a premium I think of approximately 10k. We have now decided to move forward but do we now have to renegotiate?
  • I own the freehold to two flats. Someone has the lease on the lower flat in Ulverston. I reside in the top flat. I was reviewing the land registry documents today when I noticed that my flat has a lease on it. There is 55 years left on the lease. If I want a lease extension then would I simply be paying for the costs?
  • I am currently negotiating a lease extension for my flat in Ulverston 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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