Recently asked questions relating to Great Ayton Lease Extensions

  • Hello, I stumbled across your website. I'm looking for prices on what a lease extension will cost for a garden flat in Great Ayton. It's on the market at the moment but has just over sixety one years of unexpired leasehold
  • 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 it is possible for this to be extended?
  • I am interested in getting a lease extension for a flat in Great Ayton and want to use a local conveyancing practitioners. Is there a lawyers that you can recommend?
  • I am looking for a property lawyers in Great Ayton and they should be on the Norwich and Peterborough Building Society approved conveyancers panel as we need a lease extension and remortgage simultaneously. Can you recommend any please ?
  • We have a first floor flat in Great Ayton with sixety three years left. Last year we were quoted a deal to have a lease extension for a further 25 years but also increase ground rent from nominal to a little more..plus a premium I think of about 10k. We have now decided to move forward but do we now have to start the negotiations again?
  • We are considering buying a ground floor flat in Great Ayton which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • 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 extending the lease?
  • We are worried about getting a lease extension from a difficult landlord. Even though the legal procedures were followed under the 1993 Act, the landlord still tried to charge ground rent of £300 doubling every twenty five years of the new lease. Can you assist?
  • I am currently negotiating a lease extension for my flat in Great Ayton 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?
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    Lease Extensions in Great Ayton

    Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Great Ayton