FAQs concerning Great Ayton Lease Extensions

  • I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leasehold owners want a lease extension and I'm wondering about the procedure for this
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Great Ayton, and my lease will reach 66 years this October. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • My co-lessees and I are in a block made up three flats in Great Ayton and have been offered to buy the freehold for 8k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Possibly made a mistake, I am actually looking for a conveyancers in Great Ayton who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can help me with?
  • I'm looking for a flat to buy in Great Ayton and I'm not really familiar with the leasehold title. I've identified a ground floor flat I like with a 90 years lease. I've read that I can go for a lease extension after a couple of years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
  • We have a ground floor flat in Great Ayton with sixety six years left. Last year we were quoted a deal to have a lease extension for a further thirty years but also increase ground rent from notional to a little more..plus a premium I think of about 10k. We have now decided to proceed but do we now have to renegotiate?
  • We are considering purchasing a studio flat in Great Ayton which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • If somebody owns a flat with a lease of less than 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?
  • It says on your website the anticipated fee to extend a lease is £495. Is that the total cost excluding vat and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my one bedroom second floor purpose built maisonette in Great Ayton
  • Do you handle lease extensions on land? (a plot of land in Great Ayton with 82yrs remaining)
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    Lease Extensions in Great Ayton

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