Recently asked questions relating to Horbury Lease Extensions

  • I want to acquire a leasehold property and extend the lease. The owner has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am looking into the costs of carrying out a lease extension for my one bedroom apartment in Horbury, and would like some figures on that.
  • I am about to view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 78 years remaining on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am concerned that my niece is being hoodwinked. She submitted an offer on a garden flat in Horbury, where the lease is circa seventy six years but she was informed by the selling agents that the owner had extended it to 125 years. She has now been informed the owner was waiting for her to retain solicitors prior to commencing with the lease extension. Seems devious, also it may take time to sort it all out. Am I being too sceptical?
  • My partner and I have a GFF based in Horbury. There is 81 years remaining on the lease and we want to extend the lease. How much will it likely cost to get a lease extension by, say,thirty years
  • My partner and I have owned a leasehold flat for about eighteen years. There are 67 years left on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate some independent thoughts.
  • I'm looking at purchasing a flat in Horbury at a price of £195,000 the flat has something like 74 years left on the lease. My offer was conditional upon the lease being extended... .. that was back in September, expecting I'd be in before now. They have just come back saying they'll reduce the price by£7k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • We are in the throws of buying a property (a three bedroom ground floor purpose built flat based inHorbury with share of freehold). Throughout our search, we were always looking at apartments that had a minimum ninety years left on the lease. We found a flat we fell in love with and the estate agent assured that the lease term was not an issue. This morning our told us the lease only has fivety five years and therefore requires a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • My wife and I are aware that others in the same block had already had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on previous prices . This would save on double valuation fees. Would you recommend such a course of action?
  • We currently own a three bedroom second floor purpose built maisonette in Horbury 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 75 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?

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