Questions and Answers: Heckmondwike Lease Extensions

  • I agreed with the freeholder for a lease extension on our flat located in Heckmondwike, 6.5k for an additional 90yrs. How long will it take ?
  • 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?
  • We hope to sell our ground floor flat in Heckmondwike but we may need to extend the lease, or at least cover the expense of our buyers. Are you able to recommend a to handle this?
  • We had entered into a purchase of a studio flat in Heckmondwike. I was advised by the EA that the lease extension had already been completed while on a viewing (59 years unexpired lease prior to extension). The sales particulars stated "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The seller supposedly has a quote but no money to extend and consequently the vendor intends to exchange and use the 10% deposit for the lease extension. My question is as the lease hasn't been extended is there not a danger that Nationwide Building Society won't lend on a lease?
  • Coming up to 2 years that I have been in my 2 bed flat in Heckmondwike. I have 75 years remaining on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 450k. 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 surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
  • Me and my partner are buying a ground floor flat in Heckmondwike which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our to do OS1 search on the property title. The concern 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 property title number has not been issued. Is it right that we have to be patient until the lease extension has actually been registered before completing.?
  • We are concerned about seeking a lease extension from tricky freeholder. Notwithstanding that the legal procedures were adhered to under the appropriate legislation, the freeholder still attempted to get ground rent of £250 increasing by 100% every 25 years of the new lease. Can you help?
  • I am planning on refinancing my three bed flat in Heckmondwike and the next lender that I am looking to move to requires at least 80 years on the leasehold of my property in order for them to take the mortgage forward. I have found that I currently have around seventy nine years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • I have 73 years remaining on my lease of a ground floor flat in Heckmondwike, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Heckmondwike

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