FAQs concerning Filey Lease Extensions

  • My name´s Aiden. I’m flat hunting in Filey I'm thinking about offering on a studio flat online, with around 54 years outstanding, how much does it cost on average to get a lease extension by, say, 25 years?
  • I'm considering purchasing a maisonette (leasehold) but the landlord has been absent for around 15yrs. My query is would it be less expensive to try to acquire the reversionary title or to get a lease extension and apply for right to manage?
  • We bought a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Filey and are therefore considering the option of a vesting order. Is this something you can help us with?
  • I will soon view a one bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has fivety nine years remaining on the lease. It is also a repossession so I'm assuming that the lender will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • I am considering bidding for an auction property and found a one bed flat in Filey. It has just 48 year lease..the current owner as mortgagees in possession dont want to mess around with seeking a lease extension..what are the disadvantages of this other than the expensive fee to extend the lease and decreased chance of obtaining a mortgage with Lloyds TSB Bank?
  • Re a property in Filey. lower maisonette. sixety five yrs left. I have negotiated a lease extension price of £20k for 135yrs. Freeholder also insisted on Notice of Claim which I think is a bit over the top. Can you assist.
  • We have a GFF in Filey. There is 81 years left on the lease and we want to extend the lease. How much will it likely cost to get a lease extension by, say,ninety years
  • 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 doing it?
  • I have a freehold of a one bedroom flat in Filey. The leaseholders have sixety four years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • I'm hoping for some help with regard to extending the lease on my flat. The plan is to do this next winter as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
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    Lease Extensions in Filey

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