Ackworth Lease Extensions: Q and A’s

  • Hello, I stumbled upon your website. I'm seeking prices on what it cost to extend a lease of a one bed flat based in Ackworth. It's up for sale at the moment but has around 54 years outstanding on the lease
  • Hello, I am looking somewhere around or in Ackworth 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • 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 am looking into the costs of carrying out a lease extension for my maisonette in Ackworth, and would like some figures on that.
  • My mortgage lender is requesting several hundred pounds for their solicitors to agree a lease extension for my flat in Ackworth... I am unable to find any reference of this in my mortgage booklet... is this a normal cost that they charge?
  • We have owned a leasehold flat for about eighteen years. There are 60 years remaining on the lease. After a year of protracted negotiations through my solicitors 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 appreciate some independent thoughts.
  • I am planning to extend the lease on my ground floor flat in Ackworth I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I have a freehold of a 2 bedroom flat in Ackworth. The leaseholders have seventy four years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
  • Me and my sister are acquiring a one bedroom apartment in Ackworth which has share of freehold and a leasehold. The lease was on the short side so the vendor is in the process of extending the lease. The owner has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our solicitors 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 conveyancers 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 until the lease extension has actually been registered before completing.?
  • I am currently negotiating a lease extension for my flat in Ackworth 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?
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    Lease Extensions in Ackworth

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