Frequently asked questions relating to Finningley Lease Extensions

  • I’m about to offer on a studio flat to buy in the Finningley area and was after more information on what the likely fees would be to extend a lease? It has 73 years outstanding...
  • I purchased a maisonette located in Finningley with a leasehold unexpired of seventy one years. I am wondering about how much it will cost me to extend my lease
  • I have contacted my freeholder to extend my lease for my flat in Finningley. His has been in contact regarding fees etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started May 1986.
  • The intention is to sell our garden flat in Finningley but we may need to extend the lease, or possibly cover the expense of our buyers. Can you recommend a to help us?
  • The terms for the lease on my apartment in Finningley are 101 years from 10 Feb 1990. Please supply me me a quote to extend the lease if I give you more specifics please?
  • I am considering bidding for an auction property and found a studio flat in Finningley. It has just 48 year lease..the seller being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this except for the costly fee to put a new lease on it and reduced chance of getting a mortgage with The Mortgage Works?
  • If somebody owns a flat with a lease of under 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?
  • We are in the throws of buying a home (a maisonette based inFinningley with share of freehold). During our search, we were always looking at flats that had a minimum eighty five years left on the lease. We identified a apartment we fell in love with and the estate agent assured that the lease term was not an issue. This morning our advised us the lease only has seventy years and therefore needs a lease extension. Should we run away, or do we reduce our offer?
  • I have 74 years remaining on my lease of a ground floor flat in Finningley, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I have a lease of seventy six years remaining on my flat in Finningley. 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 Finningley