Frequently asked questions relating to Cherry Burton Lease Extensions

  • Hi, I am looking somewhere around or in Cherry Burton 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • I have a lease of sixety six years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am a first time buyer of a leasehold flat in Cherry Burton. The lease has just seventy three years remaining and ground rent is £75. Is it possible for the homeowner to serve the Section 42 Notice and then transfer over the right to me as the purchaser once I complete the buying process so that I can avoid waiting 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 achievable but will it be very time consuming to the homeowner? Unfortunately it’s the case of an absent freeholder, so I am not sure how this will play out.
  • Me and my fiance are proceeding with a purchase of a three bedroom ground floor purpose built flat in Cherry Burton. I was advised by the EA that the lease extension had already been completed while on a viewing (65 years unexpired lease prior to extension). The sales particulars 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 seller apparently has a quote but no finances to extend as a result the flat owner wishes to exchange and use the 10% deposit to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • 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?
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 58 years. I need a at my end. Can you advise please? I live near Cherry Burton and have a mortgage with Bank of Ireland.
  • We are in the throws of buying a property (a garden flat based inCherry Burton with share of freehold). Throughout our search, we were always looking at flats that had a minimum 83 years remaining. We identified a place we fell in love with and the estate agent promised us that the lease term was not an issue. Yesterday our advised us the lease only has 67 years and thus requires a lease extension. Do we walk away, or do we reduce our offer?
  • My nephew knows that others in the same block had already had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on previous premiums paid . This would save on double valuation fees. Would you suggest such a course of action?
  • We have a studio flat in Cherry Burton with a lease of 75 years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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