Questions and Answers: Bakewell Lease Extensions

  • My OH and I have just completed on a one bedroom ground floor purpose built flat based inBakewell and I'm deliberating extending the lease as soon as I can e.g. after a couple of years
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has 57 years left
  • I am looking to purchase a maisonette in Bakewell with a lease of 77 years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I am a landlord of a block of flats in Bakewell, and the leaseholders are in the process of being issued lease extensions. I anticipate receiving the money within a month or so. Are there any tax implications, the property is in joint names with my partner ?
  • My partner and I have a one bedroom flat based in Bakewell. There is 81 years left on the lease and we want a lease extension. How much will it likely cost to extend in this area by, say,35 years
  • My solicitors (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I'm living with my mum and dad but have a two bedroom second floor purpose built maisonette in Bakewell let out which has a 65 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Bakewell for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
  • Coming up to 2 years that I have been in my studio flat in Bakewell. I have 60 years unexpired lease on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • We are hoping to buy a flat (a one bedroom ground floor purpose built maisonette located inBakewell with share of freehold). Throughout our search, we were always looking at properties that had a minimum 83 years unexpired. We came across a flat we liked and the estate agent assured that the lease term was not an issue. Today our property lawyers told us the lease only has 72 years and therefore needs a lease extension. Should we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my ground floor flat in Bakewell
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    Lease Extensions in Bakewell

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