Questions and Answers: Grimsby Lease Extensions

  • 35k agreed with the freeholder, just seeking to find a Grimsby for a lease extension. Our flat has around sixety nine yrsremaining. How long will this take ?
  • I invested in buying a property in Grimsby and it has slightly more than sixety four years unexpired. I'd like to arrange a lease extension by twenty years
  • I need to extend my existing lease can you help me with that? I think it has 72 years residual lease term
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has seventy two years left.
  • I have a lease of 71 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I will soon view a two bedroom flat, although not exactly my ideal 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 63 years remaining on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • We are looking to extend our lease having owned the place for 2 years as of 13th April 2016. It has slightly less than 71 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as possible.
  • Just been over 2 years that I have owned my ground floor flat in Grimsby. I have 59 yrs outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my 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 goes to the tribunal etc)?
  • 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?
  • I have a freehold of a 2 bedroom flat in Grimsby. The leaseholders have sixety years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?

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