Heysham Lease Extensions: Q and A’s

  • My wife has an apartment in Heysham which we have just put on the market. The leasehold has approximately sixety three years unexpired on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Many thanks.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Heysham, and my lease will reach 70 years this December. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I own a leasehold flat in Heysham. I have built a big extension and have not informed the leaseholder. What should I do?
  • I'm looking for an apartment to buy in Heysham and I'm not really familiar with the leasehold arrangement. I've found a one bedroom ground floor purpose built flat I like with a 82 years lease. My research reveals that I can get a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with the mortgage?
  • I am looking to buy a one bed flat in Heysham for asking price of 125k, 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 the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My partner and I would like to know the cost of a lease extension valuation for a property based in Heysham. Is this something you can help us with?
  • 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 extending the lease?
  • Me and my OH are are hoping to complete on a three bed flat in Heysham which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced dealing with a lease extension. The seller has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our lawyers to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our property lawyers 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 have to be patient pending registration of the new lease?
  • I have a lease of fivety seven years remaining on my flat in Heysham. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
  • I'm looking for some advice with regard to a lease extension on my garden flat in Heysham. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Can you recommend a good property lawyers who specialises in lease extensions?
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    Lease Extensions in Heysham

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