Questions and Answers: Guisborough Lease Extensions

  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Guisborough, and my lease will reach sixety six years this June. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I own a leasehold apartment in Guisborough. I have built a large extension and have not informed the freeholder. What should I do?
  • I am about to view a two bedroom apartment, although not exactly my perfect 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 77 years unexpired on the lease. It is also a repo so I'm guessing that the bank will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • My mortgage provider requires several hundred pounds for their to approve the lease extension deed for my flat in Guisborough... I am unable to find any reference of this in my mortgage booklet... is this a normal fee to pay?
  • Me and my fiance are considering purchasing a one bed flat in Guisborough which is a leasehold. I am wanting to weigh up the pros and cons 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 block me from extending the lease?
  • Me and my sister would like to know the cost of a lease extension valuation for a property based in Guisborough. Would you be able to help?
  • My husband and I are hoping to acquire a flat (a three bed flat inGuisborough with share of freehold). During our search, we were always looking at flats that had a minimum 83 years left. We identified a place we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. This morning our told us the lease only has sixety seven years and therefore requires a lease extension. Do we walk away, or do we reduce our offer?
  • I'm looking for some assistance concerning a lease extension on my apartment. I'll be looking to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • I have a lease of 61 years remaining on my flat in Guisborough. 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 Guisborough