Frequently asked questions relating to Armthorpe Lease Extensions

  • My name´s Jayden. I’m flat hunting in Armthorpe I'm deliberating offering on a one bedroom ground floor purpose built maisonette online, with nearly seventy two years left, how much will it likely cost to get a lease extension by, say, 45 years?
  • Hi, I just randomly found your website. I'm seeking prices on what a lease extension will cost for a ground floor flat in Armthorpe. It's on sale at the moment but has around seventy years outstanding on the lease
  • Hello. I need someone to review my lease extension prior to it being completed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor amendments.
  • 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 plan on buying a flat located in Armthorpe. The offer is subject to the lease extension. The vendor’s conveyancers has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender The Mortgage Works. Moreover, which are the following lease extension steps to complete the purchase?
  • I am thinking about buying an auction property and identified a one bed flat in Armthorpe. It has just 41 year lease..the seller being mortgagees in possession dont want to mess around with applying for a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and reduced chance of obtaining a mortgage with Virgin Money?
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I intend to buy a one bed flat in Armthorpe for asking price of 145k, which has 67 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 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?
  • My nephew has a share of freehold, with two other leaseholders in a building in Armthorpe. House divided into three apartments. He has a lease, which has around 61 years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • I have seventy two years remaining on my lease of a ground floor flat in Armthorpe, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
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    Lease Extensions in Armthorpe

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