FAQs concerning Great Ayton Lease Extensions

  • I'm intending to make an offer on a house in Great Ayton but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Accord Mortgages Ltd giving us the mortgage now?
  • I want to acquire a leasehold property and lease extension. The seller has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • My co-lessees and I are in a building made up three flats in Great Ayton and have been offered to buy the freehold for 7k 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?
  • I inherited a two bedroom ground floor purpose built flat in Great Ayton. I am looking for a lease extension on the property. It is about 80 years. I would just like to know what your charges are and how long it would take for completion.
  • Is it possible to talk with you about a leasehold property in Great Ayton, I am thinking of bidding at auction in the next few days. The flat has a short lease and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Great Ayton and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Nationwide Building Society to free up equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease began in 1972 and since then the ground rent has increased from £25.00 per annum to £125 per annum.
  • I have a share of the freehold. There are five flats in the building. All the leaseholders are now seeking lease extensions. What's your solicitors fee?
  • We had entered into a purchase of a two bedroom ground floor purpose built maisonette in Great Ayton. I was told that the lease had been lengthened (67 years left prior to extension). The description on the listing stated "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The flat owner apparently has a quote but no finances to extend and consequently the flat 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 ?
  • My son has a share of freehold, with two other leaseholders in a building in Great Ayton. House split into three apartments. He has a lease, which has approximately sixety years left. How much would it cost for a lease extension and how many years would he need to extend by?
  • I have a lease of 77 years remaining on my flat in Great Ayton. 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 Great Ayton