Lease Extensions in Acklam

Questions and Answers: Acklam Lease Extensions

I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. 2 of the leaseholders want to extend their leases and I'm curious about the the process

I am looking at investing in a holiday home but it has a lease that expires in twenty years. Its in Acklam - I wanted to see if with your services this could be extended?

I want to buy a leasehold property and lease extension. The seller has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

I am looking for a in Acklam and they need to be on the Yorkshire Building Society approved conveyancers panel as we need a lease extension and remortgage at the same time. Can you recommend any please ?

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 deliberating over purchasing a garden flat (leasehold) but the freeholder has been absent for around 15yrs. My question is would it be less expensive to try to buy the reversionary title or to extend lease and apply for right to manage?

My neighbours and I are in a building of five flats in Acklam and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

I have my suspicions that my daughter is being hoodwinked. She put in an offer on a 2 bed flat in Acklam, where the lease is slightly less seventy four years but she was advised by the estate agents that the owner had extended it to 99 years. Only now has she been advised the seller was holding off for her to appoint solicitors prior to commencing with the lease extension. Sounds underhand, also it will take a while to sort it all out. What do you think?

My brother and I are considering buying a one bedroom apartment in Acklam which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from having a lease extension?

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

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