Catterick Garrison Lease Extensions: Q and A’s

  • I have a lease of sixety nine years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I am about to put an offer in on a garden flat in Catterick Garrison with a lease of fivety eight years but unsure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I have a leasehold flat in Catterick Garrison. I have built a large extension and have not informed my leaseholder. What are my options?
  • I am a FTB of a leasehold flat in Catterick Garrison. The lease has only seventy one years balance left and ground rent is £25. Is it possible for the flat owner to serve the Section 42 Notice and then assign over the right to me as the buyer on the day of completion so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the vendor? To add to the complexity it’s the case of an missing freeholder, so I am not sure how this will play out.
  • I am a landlord of a block of flats in Catterick Garrison, and the tenants are in the process of being given lease extensions. I should hopefully get the money next month. As I am not on self assessment do I contact the tax authorities ?
  • I am looking to buy a one bed flat in Catterick Garrison for asking price of 156k, which has 70 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm living at parents but have a maisonette in Catterick Garrison let out which has a 72 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 Catterick Garrison 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 13k. Should I keep or sell the flat?
  • We have been in discussion with our freeholder after having a valuation on our ground floor flat in Catterick Garrison. We have a sixety three year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he 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 the lease extension.
  • Me and my partner are hoping to buy a home (a studio flat based inCatterick Garrison with share of freehold). Throughout our search, we were always looking at apartments that had a minimum ninety years left on the lease. We found a flat we liked and the selling agent promised us that the lease term was not an issue. This morning our informed us the lease only has fivety five years and therefore requires a lease extension. Should we walk away, or do 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom apartment in Catterick Garrison

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