Top Ten Questions relating to West Derby Lease Extensions

  • I own a leasehold flat in the West Derby area and was wondering if I could obtain a lease extension. What are your processes and charges. Has sixety years left
  • I want to buy a leasehold property and extend the lease. The flat owner has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 928 years left so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any guidance would be much appreciated.
  • I am looking for a in West Derby and they need to be on the Chelsea Building Society approved conveyancers panel as we need a lease extension and remortgage at the same time. Can you recommend any please ?
  • I own a garden flat in West Derby. The start date for the lease was in 1991 for 99 years. Now I am looking for a lease extension. I am not entirely sure about further expenses, could you tell me please how much I should expect to spend on this?
  • I will soon view a one bedroom flat, although not exactly my dream 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 76 years residual lease term on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • My partner and I have a one bedroom flat located in West Derby. There is 80 years to run on the lease and we want to extend the lease. How much will it likely cost to extend in this area by, say,45 years
  • I would like some guidance on leasehold property buying. We are going 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 West Derby area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I'm living at mum and dad but have a garden flat in West Derby let out which has a 67 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in West Derby for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • My and my husband know that others in the same block had already had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?

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