Lease Extensions in Whalley

Frequently asked questions relating to Whalley Lease Extensions

I have got a leasehold flat in the Whalley area and was curious if I could obtain a lease extension. What are your processes and charges. Has 63 years balance left

The terms for the lease on my flat in Whalley are 101 years from 14 Jan 1989. Can you provide me a quote to extend the lease if I give you more information please?

Is it possible to talk with you about a leasehold property in Whalley, I am considering buying at auction next month. The flat only has a few years remaining and I wanted to inquire about how much it would cost to get a lease extension and for your services.

We are considering buying a ground floor flat in Whalley which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from having a lease extension?

We would like to extend our lease having owned the place for two years as of 22nd May 2015. It has approximately fivety nine years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.

I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?

I am looking for advice as I am interested in a property that has only a seventy two year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?

Just been over two years that I have owned my ground floor flat in Whalley. I have 69 years outstanding on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?

I am currently negotiating a lease extension for my flat in Whalley 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?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom ground floor purpose built maisonette in Whalley

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