Wigan Lease Extensions: Q and A’s

  • My partner has a flat based in Wigan which we have just put on the market. The leasehold has nearon fivety four years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Many thanks.
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has 68 years remaining
  • I am about to put an offer in on a one bedroom first floor purpose built flat in Wigan with a lease of seventy nine years but unsure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I am concerned that my daughter is being hoodwinked. She put in an offer on a one bedroom apartment in Wigan, where the lease is around 78 years but she was told by the estate agents that the current owner had extended it to 125 years. She has now been informed the vendor was waiting for her to appoint lawyers prior to commencing with the lease extension. Sounds unscrupulous, also it could take a while to sort it all out. Am I being too sceptical?
  • My mortgage lender requires a £450 fee for their solicitors for a "deed of substituted security" for the lease extension for my flat in Wigan... I can find no mention of this in my mortgage literature... is this a normal cost that they charge?
  • I am looking to buy a one bed flat in Wigan for asking price of 156k, which has 57 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I would like some advice on leasehold property buying. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Wigan area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • I'm intent on acquiring an apartment in Wigan valued at £195,000 the flat has approximately seventy nine years remaining on the lease. My offer was subject to the lease being renewed... .. that was back in November, hoping I'd have completed by Christmas. The owner has just come back saying that they are prepared to reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Wigan
  • I have a lease of 59 years remaining on my flat in Wigan. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Wigan

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