Questions and Answers: Bessacarr Lease Extensions

  • I plan on buying a flat located in Bessacarr. The offer is conditional upon a lease extension. The homeowner’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 Leeds Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We hope to sell our one bed flat in Bessacarr but we may require a lease extension, or possibly cover the expense of our purchaser. Can you recommend someone to help us?
  • I'm deliberating over buying a garden flat (leasehold) but the landlord has been missing for roughly 15yrs. I wonder whether it will be less expensive to try to buy the reversionary title or to extend lease and apply for RTM?
  • I bought a studio flat in Bessacarr. I am looking to extend lease on the property. It is around eighty years. I would just like to know what your charges are and how long the process takes.
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I commence the process, is this correct?
  • My nephew has a share of freehold, with two other leaseholders in a building in Bessacarr. House split into three flats. He has a lease, which has around 71 years unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
  • Me and my OH are in the throws of buying a property (a one bed flat based inBessacarr with share of freehold). During our search, we were always looking at apartments that had at least 83 years remaining. We came across a flat we liked and the estate agent assured that the lease was long albeit not specifying a number. This morning our conveyancers told us the lease only has seventy seven years and thus needs a lease extension. Should we walk 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?
  • My nephew is aware that others in the same block previously had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on previous prices . This would save on double valuation charges. Is this advisable?
  • We currently own a 2 bed flat in Bessacarr and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety five years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my three bed flat in Bessacarr
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    Lease Extensions in Bessacarr

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