Questions and Answers: Cleckheaton Lease Extensions

  • My name´s Felix. I’m house hunting in Cleckheaton I'm seeing a ground floor flat online, with about sixety eight years remaining, how much does it cost on average to get a lease extension by, say, fifty years?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 63 years remaining.
  • I purchased a garden flat in Cleckheaton. The lease commenced in 1992 for 99 years. Now I am looking to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • I am a FTB of a leasehold flat in Cleckheaton. The lease has just 58 years balance left and ground rent is £95. Is it possible for the current owner to serve the Initial Notice and then assign over the right to me as the purchaser once I complete the buying process 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 flat owner? 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 freeholder of a block of flats in Cleckheaton, and the tenants are in the process of being issued lease extensions. I anticipate receiving funds next month. As I am not on self assessment do I contact the Inland Revenue ?
  • We are considering buying a 2 bed flat in Cleckheaton which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • I own the freehold of a one bedroom flat in Cleckheaton. The leaseholders have fivety four years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • My partner and I are buying a garden flat in Cleckheaton which has share of freehold and a leasehold. The lease was on the short side so the vendor is in the process of extending the lease. The seller’s lawyer has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we have to hold on until the lease extension has actually been registered before completing.?
  • I am planning on refinancing my garden flat in Cleckheaton and the next lender that I am looking to switch to needs at least 85 years remaining on the lease in order for them to progress matters. We currently have around sixety seven years on the leasehold so require some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • I am currently negotiating a lease extension for my flat in Cleckheaton as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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