FAQs concerning Headingley Lease Extensions

  • My OH agreed with the landlord for a lease extension on our flat located in Headingley, 14k for another 90yrs. How long is the process ?
  • I purchased a one bedroom apartment based in Headingley with a leasehold unexpired of seventy five years. I am enquiring about how much it will cost me to extend my lease term
  • My mortgage provider requires a £500 fee for their to agree a lease extension for my flat in Headingley... I can find no mention of this in my mortgage booklet... is this a standard cost that they charge?
  • I am a landlord of a block of flats in Headingley, 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 get in touch with HMRC ?
  • I am looking to buy a one bed flat in Headingley for asking price of 156k, which has 63 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • It says on your website the likely fee to extend a lease is £495. Is that the all inclusive cost including value added tax and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my one bedroom apartment in Headingley
  • I am the freeholder of a property in Headingley where the leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has upped this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to incur?
  • We currently own a studio flat in Headingley and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety two years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Headingley as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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