Top Ten Questions relating to Bakewell Lease Extensions

  • My name´s Leo. I’m flat hunting in Bakewell I'm seeing a studio flat online, with approximately 56 years remaining, how much does it cost on average to get a lease extension by, say, fifty years?
  • Hi. I need a to have a look at my lease extension before it's formalised just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor changes.
  • I plan on buying a flat in Bakewell. My offer is subject to the lease extension. The owner’s has given to the freeholder 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'm thinking of buying a garden flat (leasehold) but the freeholder has been missing for roughly 15yrs. My query is would it be less expensive to try to acquire the reversionary title or to get a lease extension and apply for right to manage?
  • We purchased a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Bakewell and looking to do a vesting order. Is this something you can handle for us?
  • I am a first time buyer of a leasehold flat in Bakewell. The lease has just seventy eight years residual lease term and ground rent is £50. Is it possible for the current owner to serve the Initial Notice and then assign over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the homeowner? Unfortunately it’s the case of an missing freeholder, so I am not sure how does it work.
  • I would like to know the likely charges and the optimum way to get a lease extension started? I have nearon sixety seven years unexpired lease and I own a studio flat in Bakewell.
  • I have my suspicions that my daughter is being hoodwinked. She put in an offer on a one bedroom apartment in Bakewell, where the lease is approximately 57 years but she was advised by the selling agents that the seller had extended it to 99 years. She has now been advised the current owner was waiting for her to retain conveyancers ahead of instigating the lease extension. Seems odd to me, also it could take months to sort it all out. Am I reading too much into it?
  • We are looking to extend our lease. We will have been in the apartment for two years as of 11th March 2015. It has around 56 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • My (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?

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