Recently asked questions relating to Darnall Lease Extensions

  • I'm planning to make an offer on a house in Darnall 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 Lloyds TSB Bank giving us the mortgage now?
  • I have a lease of sixety five 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 looking to purchase a studio flat in Darnall with a lease of 59 years but have no idea what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Darnall, and my lease will reach 67 years this January. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I am concerned that my niece might be having the wool pulled over her eyes. She submitted an offer on a ground floor flat in Darnall, where the lease is nearly 78 years but she was informed by the selling agents that the vendor had extended it to 99 years. She has now been informed the vendor was holding off for her to retain solicitors ahead of instigating the lease extension. Seems underhand, also it will take time to sort it all out. Am I being too sceptical?
  • I am thinking about bidding for an auction property and identified a one bed flat in Darnall. It only has a fifty-one year lease..the seller as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the disadvantages of this except for the costly fee to put a new lease on it and decreased chance of obtaining a mortgage with National Westminster Bank?
  • I own the freehold reversion of a property in Darnall and a leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £9,000, but has increased this by £2,000 without too much effort. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?
  • My aunt knows that others in the same building previously had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on previous prices . This would save on double valuation fees. Is this advisable?
  • I am currently in the process of remortgaging my studio flat in Darnall and the next lender that I am looking to move to needs at least 85 years remaining on the lease in order for them to take the mortgage forward. I have found that I currently have around fivety nine years on the leasehold so looking for some advice, guidance, and some quotes to set the wheels in motion for a lease extension
  • I have a lease of sixety 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?

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