Frequently asked questions relating to Colne Lease Extensions

  • I own a leasehold flat in the Colne area and was curious whether I could obtain a lease extension. What are your processes and fees. There are sixety seven years balance left
  • I'm about to make an offer on a house in Colne but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Skipton Building Society giving us the mortgage now?
  • Hello. I need someone to review my lease extension prior to it being formalised just to make sure there's nothing that I haven't seen - it's just a reissue with a few small amendments.
  • I bought a three bedroom first floor purpose built maisonette located in Colne with a leasehold unexpired of 76 years. I am curious about what it will cost me to extend my lease term
  • I inherited a studio flat in Colne. The start date for the lease was in 1992 for 99 years. Now I am looking to extend the lease. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?
  • I will soon view a one bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has fivety four years outstanding on the lease. It is also a repossession so I'm guessing that the bank will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • I am a FTB of a leasehold flat in Colne. The lease has only sixety one years left and ground rent is £75. Is it possible for the current owner to serve the Section 42 Notice and then assign this right to me as the buyer on the day of completion so that I can avoid waiting for the two year qualifying 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 costly to the current 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 planning to extend the lease on my one bedroom apartment in Colne I am looking for help to verify the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm intent on acquiring a flat in Colne valued at £256,000 the flat has something like 65 years left on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in August, expecting I'd have completed by Christmas. The owner has just informed the agent they'll reduce the price by£7k if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • My OH and I are acquiring a garden flat in Colne which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our to do a "priority search" on the property title. The concern 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 must be patient pending registration of the new lease?

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