Top Ten Questions relating to Guisborough Lease Extensions

  • I'm intending to make an offer on a house in Guisborough but I'm a little worried 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 Coventry Building Society giving us the mortgage now?
  • I own a maisonnette and the freehold reversion. The owners of the downstairs flat have asked for a lease extension what do I need to do?
  • I am about to view a one bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 75 years left on the lease. It is also a repo so I'm guessing that the vendor will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
  • I am a freeholder of a block of flats in Guisborough, and the lessees are in the process of being issued lease extensions. I anticipate receiving funds within a month or so. As I am not on self assessment do I write to the tax man ?
  • I am looking at bidding for an auction property and found a studio flat in Guisborough. It has just 49 year lease..the seller as mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and reduced chance of getting a mortgage with Barclays Direct?
  • We have a one bedroom flat located in Guisborough. There is 81 years to run on the lease and we want a lease extension. What will it likely cost to get a lease extension by, say,twenty years
  • Me and my wife have owned a leasehold flat for approximately eighteen years. It now has 73 years unexpired lease on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate some independent thoughts.
  • We have been in discussion with our freeholder after having a valuation on our ground floor flat in Guisborough. We have a 73 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I am the freeholder of a property in Guisborough where the leaseholder would like a lease extension. Her valuer has suggested a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?
  • My daughter knows that others in the same building previously had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?

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