FAQs concerning Worsley Lease Extensions

  • 35k agreed with the freeholder, just seeking to find a Worsley for a lease extension. Our flat has about 72 yrsoutstanding. How long will this take ?
  • I’m about to offer on a one bedroom apartment to purchase in the Worsley area and was enquiring what the likely fees would be for a lease extension? It has sixety seven years as a balance left...
  • I want to purchase a leasehold property and lease extension. 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 ?
  • 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 invested in buying a one bedroom apartment in Worsley. The start date for the lease was in 2001 for 99 years. Now I am looking for a lease extension. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • The terms for the lease on my flat in Worsley are 99 years from 12 Dec 1989. Please provide me a quote to extend the lease if I give you more information please?
  • We are looking to extend our lease having owned the flat for two years as of 21st March 2016. It has nearon 60 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 looking to buy a one bed flat in Worsley for asking price of 156k, which has 68 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm intent on acquiring a flat in Worsley at a price of £210,000 the flat has something like fivety six years unexpired on the lease. My offer was conditional upon a lease extension... .. that was back in August, expecting I'd have moved in before now. The owner has just come back saying they'll reduce the price by£2k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • We have a two bedroom first floor purpose built flat in Worsley with a lease of 66 years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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