Questions and Answers: Whaley Bridge Lease Extensions

  • I’m just looking for a a property to buy in the Whaley Bridge area and was interested in finding out how much would it cost to extend a lease? It has fivety six years as a balance left...
  • I have an interest in the freehold of buildings comprising of six flats each. Two of the leaseholders want a lease extension and I'm wondering about the procedure for this
  • I am looking into the costs of carrying out a lease extension for my studio flat in Whaley Bridge, and would like some figures on that.
  • I am a first time buyer of a leasehold flat in Whaley Bridge. The lease has only 55 years balance left and ground rent is £50. Is it possible for the homeowner to serve the Section 42 Notice and then transfer this right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the owner? To add to the complexity the landlord is absent, so I am not sure how this will play out.
  • Me and my husband are considering purchasing a maisonette in Whaley Bridge which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
  • My wife and I have owned a leasehold flat for about twenty years. It now has 65 years unexpired lease on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would welcome some independent thoughts.
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 76 years. I need a at my end. Can you advise please? I live near Whaley Bridge and have a mortgage with The Royal Bank of Scotland.
  • Me and my sister would like to know the cost of a lease extension valuation for a property based in Whaley Bridge. Is this something you can help us with?
  • I'm living with my mother and father but have a garden flat in Whaley Bridge let out which has a 71 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 Whaley Bridge 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 21k. Should I keep or sell the flat?
  • We are purchasing a garden flat in Whaley Bridge which has share of freehold and a leasehold. The lease was on the short side so the seller commenced extending the lease. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we have to hold on pending registration of the new lease?

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