Recently asked questions relating to Darnall Lease Extensions

  • We agreed with the freeholder for a lease extension on our flat in Darnall, 7k for an extension by 90yrs. How long is the process ?
  • The terms for the lease on my apartment in Darnall are 99 years from 10 Feb 1980. Please supply me me a quote to extend the lease if I give you more details please?
  • I'm looking for an apartment to buy in Darnall and I'm not really familiar with the leasehold tenure. I've identified a ground floor flat I like with a 90 years lease. I've read that I can apply for a lease extension after 2 years, but:- Should I anticipate any issue with my proposed mortgage lender HSBC Bank?
  • I am a freeholder of a block of flats in Darnall, and the tenants are in the process of being granted lease extensions. I anticipate receiving the money next month. As I am not on self assessment do I get in touch with HMRC ?
  • I'm living at mother and father but have a 2 bed flat in Darnall let out which has a seventy eight 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 Darnall 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?
  • Just been over 2 years that I have been in my garden flat in Darnall. I have 70 years outstanding on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • Me and my fiance have been in discussion with our freeholder after having a valuation on our one bed flat in Darnall. We have a 59 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount 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.
  • Are you able to provide an estimate to extend my mum’s lease on a 2 bed flat in Darnall. She recently got a figure from the landlord for a lease extension but I am unclear whether it is too expensive.
  • I am currently negotiating a lease extension for my flat in Darnall 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?
  • I have a lease of fivety nine years remaining on my flat in Darnall. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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