Top Ten Questions relating to Gallows Corner Lease Extensions

  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has fivety nine years balance left.
  • The terms for the lease on my apartment in Gallows Corner are 99 years from 12 Sep 1980. Can you provide me a quote for a lease extension if I give you more specifics please?
  • I am considering bidding for an auction property and found a studio flat in Gallows Corner. It has just 50 year lease..the vendor as mortgagees in possession dont want the aggravation of seeking a lease extension..what are the disadvantages of this except for the costly fee to put a new lease on it and reduced chance of getting a mortgage with Leeds Building Society?
  • We had entered into a purchase of a one bedroom ground floor purpose built flat in Gallows Corner. I was advised by the EA that the lease extension had already been completed while on a viewing (54 years remaining prior to extension). The description on the listing stated "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The vendor supposedly has a quote but no finances to extend as a result the owner wishes to exchange and use the my deposit to extend the lease. My question is why has this only just been brought to my attention by my ?
  • I an interested in finding out more about purchasing a leasehold residence. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Gallows Corner area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • I am the freeholder of a Victorian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy four years. What are my next steps?
  • I am the freeholder of a property in Gallows Corner and a leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £9,000, but has upped this by £2,000 at the drop of a hat. My valuer has put forward a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
  • I'm seeking some advice concerning extending the lease on my maisonette. I'll be looking to do this sometime next year as we need to 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 tribunal route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my two bedroom ground floor purpose built maisonette in Gallows Corner
  • I have a lease of fivety four years remaining on my flat in Gallows Corner. 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 Gallows Corner