Hackenthorpe Lease Extensions

Top Ten Questions relating to Hackenthorpe Lease Extensions

35k agreed with the freeholder, just trying to find a Hackenthorpe for a lease extension. Our lease has nearon fivety five yearsleft. How long will this take ?

We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 928 years left so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information would be much appreciated.

Hello. I need someone to review my lease extension before it's signed just to ensure there's nothing that I haven't seen - it's just a reissue with a few small amendments.

I'm considering purchasing a ground floor flat (leasehold) but the landlord has been absent for approximately 15yrs. My question is would it be cheaper to try to acquire the reversionary title or to get a lease extension and apply for RTM?

My co-lessees and I are in a block made up three flats in Hackenthorpe and have been offered to buy the freehold for £5000 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 am the freeholder of a Victorian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy nine years. What are my next steps?

I'm living at mum and dad but have a maisonette in Hackenthorpe let out which has a seventy two year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Hackenthorpe for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?

If somebody owns a flat with a lease of under 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 doing it?

Me and my OH are purchasing a one bedroom apartment in Hackenthorpe which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced extending the lease. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we must wait pending registration of the new lease?

We have a one bed flat in Hackenthorpe with a lease of 67 years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?

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