Sample questions relating to Goole Lease Extensions

  • My name´s Leon. I’m house hunting in Goole I'm considering offering on a one bed flat online, with about 68 years outstanding, how much will it likely cost to get a lease extension by, say, fifty years?
  • I have a lease of fivety nine years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I plan on buying a flat based in Goole. My offer is conditional upon a lease extension. The current owner’s property lawyers has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • I am looking into the costs of carrying out a lease extension for my garden flat in Goole, and would like some figures on that.
  • I am a freeholder of a block of flats in Goole, and the tenants are in the process of being issued lease extensions. I anticipate receiving funds next week. How does the tax work, the property is in joint names with my wife ?
  • I am thinking about acquiring an auction property and identified a two bed flat in Goole. It only has a fifty year lease..the vendor being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the disadvantages of this except for the expensive fee to put a new lease on it and reduced chance of getting a mortgage with Coventry Building Society?
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 66 years. I need a lawyers at my end. Can you advise please? I live near Goole and have a mortgage with Aldermore.
  • I am currently negotiating a lease extension for my flat in Goole as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We have a studio flat in Goole with a lease of seventy one years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Goole

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