Top Ten Questions relating to Catterick Garrison Lease Extensions

  • I am looking for a lease extension on the lease on my garden flat in Catterick Garrison which will have 76 years left in November. What fees are applicable?
  • I want to acquire a leasehold property and extend the lease. The owner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am the registered owner of a maisonette in Catterick Garrison. The lease commenced in 1997 for 99 years. Now I am wanting for a lease extension. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • I'm thinking of buying a three bedroom first floor purpose built maisonette (leasehold) but the freeholder has been absent for approximately 15yrs. I wonder whether it will be cheaper to try to buy the reversionary title or to extend lease and apply for right to manage?
  • I am looking at purchasing an auction property and found a studio flat in Catterick Garrison. It only has a 41 year lease..the vendor being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the disadvantages of this except for the costly fee to put a new lease on it and reduced chance of obtaining a mortgage with HSBC Bank?
  • Ref a property in Catterick Garrison. lower maisonette. 57 yrs left. I have negotiated a lease extension price of £14k for 135yrs. Landlord also requested Notice of Claim which I think is a bit over the top. Can you assist.
  • My husband and I are proceeding with a purchase of a maisonette in Catterick Garrison. I was advised by the EA that the lease extension had already been completed while on a viewing (68 years outstanding prior to extension). The description on the listing stated "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The vendor supposedly has a quote but no funds to extend as a result the current owner intends to exchange and use the deposit monies for the lease extension. My question is as the lease hasn't been extended is there not a danger that National Westminster Bank won't lend on a lease?
  • I am planning to extend the lease on my one bedroom first floor purpose built flat in Catterick Garrison 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.
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • We have been in discussion with our freeholder after having a valuation on our two bedroom second floor purpose built flat in Catterick Garrison. We have a seventy one year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.

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