Frequently asked questions relating to Great Ayton Lease Extensions

  • We agreed with the head landlord for a lease extension on our flat located in Great Ayton, 16.5k for another 90yrs. Are you willing to help us with this situation ?
  • I am considering investing in a holiday home but it has a lease that expires in eighteen years. Its in Great Ayton - I wanted to see if with your services this could be extended?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has sixety four years left.
  • I will soon view a two bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has sixety three years outstanding on the lease. It is also a repossession so I'm guessing that the bank 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 concerned that my niece is being hoodwinked. She submitted an offer on a garden flat in Great Ayton, where the lease is circa seventy four years but she was told by the estate agents that the vendor had extended it to 99 years. She has now been advised the homeowner was holding off for her to appoint solicitors before commencing with the lease extension. Sounds devious, also it may take time to sort it all out. What do you think?
  • I'm living with my parents but have a one bedroom apartment in Great Ayton let out which has a 79 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Great Ayton for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?
  • Just been over 2 years that I have owned my studio flat in Great Ayton. I have sixety one years unexpired lease on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
  • Just a quick question, how much are the legal fees for a lease extension on a residential property in Great Ayton for a three bed flat - sec 42 having been issued?
  • I own the freehold to two flats. Someone has the lease on the lower flat in Great Ayton. I reside in the upper flat. I was looking at the title deeds yesterday when I noticed that my flat has a lease on it. There is sixety three years residual lease term. Is it possible to carry out a lease extension without retaining a conveyancers?
  • We have a garden flat in Great Ayton with a lease of sixety eight 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 Great Ayton

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