FAQs concerning Hedon Lease Extensions

  • So this is the scenario: I inherited a three bedroom ground floor purpose built flat in Hedon that I now cannot sell due to the lease requiring a lease extension. How long will it take ?
  • My wife has a flat in Hedon which we are about to put on the market. The leasehold has around sixety nine years remaining on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.
  • I am looking for a lease extension on the lease on my garden flat in Hedon which will have sixety seven years unexpired lease in August. What fees do you charge for this?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has sixety five years outstanding.
  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 928 years residual lease term so a lease extension is not required. 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 25 years without the house being ours. Any guidance would be much appreciated.
  • 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 need to talk to you about a leasehold property in Hedon, I am considering buying at auction next week. The flat only has a few years left and I am curious about what it would cost to get a lease extension and for your services.
  • I am considering acquiring an auction property and identified a studio flat in Hedon. It only has a fifty year lease..the seller as mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and decreased chance of obtaining a mortgage with HSBC Bank?
  • Just a quick question, how much is the premium payable for a lease extension on a residential property in Hedon for a one bed flat - section 42 is already served?
  • I am the freeholder of a property in Hedon where the leaseholder would like a lease extension. Her valuer has suggested a figure of £9,000, but has increased this by £2,000 without too much effort. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what costs would I be likely to face?

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