Questions and Answers: Dunnington Lease Extensions

  • I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leasehold owners want a lease extension and I'm curious about the procedure for this
  • Hi. I need someone to have a look at my lease extension prior to it being formalised just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few small variations.
  • I have contacted my freeholder to extend my lease for my flat in Dunnington. His has been in contact with costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started October 1993.
  • I own a leasehold flat in Dunnington. I have built a big extension and have not informed my leaseholder. What are my options?
  • I am considering acquiring an auction property and came upon a one bed flat in Dunnington. It only has a fifty year lease..the seller being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and decreased chance of getting a mortgage with Skipton Building Society?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • Me and my husband have owned a leasehold flat for about twenty years. It now has seventy seven years unexpired lease on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would welcome some independent thoughts.
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the total cost excluding value added tax and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my maisonette in Dunnington
  • Me and my wife are hoping to buy a home (a ground floor flat based inDunnington with share of freehold). During our search, we were always looking at flats that had at least eighty five years remaining. We came across a place we fell in love with and the estate agent promised us that the lease term was not an issue. This morning our advised us the lease only has 62 years and therefore needs a lease extension. Should we run away, or do we reduce our offer?

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