Recently asked questions relating to Westhoughton Lease Extensions

  • My partner has an apartment based in Westhoughton which we have just put on the market. The leasehold has just under sixety five years balance left on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Thank you.
  • I own a leasehold flat in the Westhoughton area and was wondering whether I could obtain a lease extension. What are your processes and fees. There are 64 years residual lease term
  • I have a lease of 57 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I'm planning on purchasing a garden flat (leasehold) but the freeholder has been missing for around 15yrs. My query is would it be cheaper to try to acquire the freehold or to extend lease and apply for RTM?
  • The terms for the lease on my apartment in Westhoughton are 95 years from 10 Dec 1980. Please give me a quote to extend the lease if I give you more details please?
  • I am considering whether to purchase the freehold or a lease extension of my property in Westhoughton and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Aldermore to release of equity. The broker handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease commenced in 1979 and since then the ground rent has increased from £38.00 per annum to £100 per year.
  • 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my two bedroom ground floor purpose built maisonette in Westhoughton
  • Do you handle lease extensions on land? (a plot of land in Westhoughton with 82yrs remaining)

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