Helmsley Lease Extensions: Q and A’s

  • I am looking at investing in a second home but it has a lease that expires in fifteen years. Its in Helmsley - I wanted to see if with your services it is possible for this to be extended?
  • I need to extend my current lease can you assist? I think it has 56 years unexpired
  • I'm about to make an offer on a house in Helmsley but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect TSB giving us the mortgage now?
  • I am looking to buy a one bed flat in Helmsley for asking price of 125k, which has 63 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am the owner of a purpose-built flat in a large block in Helmsley. The leasehold interest in the apartment on a 99 year lease started on 30th January 1972 with a fixed ground rent of £15 per annum. I would like to obtain a lease extension. Is it possible for me to call someone to go through my options please?
  • My husband has a share of freehold, with two other leaseholders in a building in Helmsley. House converted into three apartments. He has a lease, which has about 56 yrs remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • Coming up to two years that I have been in my ground floor flat in Helmsley. I have seventy nine yrs unexpired lease on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • If a leaseholder owns a flat with a lease of less than 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 extending the lease?
  • It says on your website the likely fee to extend a lease is £495. Is that the total cost excluding value added tax and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my studio flat in Helmsley
  • I'm looking for some advice concerning extending the lease on my flat. I'll be looking to do this in nine months time as we must 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 LVT route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • Other Topics

    Lease Extensions in Helmsley

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