Horsforth Lease Extensions

Questions and Answers: Horsforth Lease Extensions

I purchased a property in Horsforth and it has around seventy four years residual lease term. I'd like to extend the lease period

I want to buy a leasehold property and lease extension. The vendor 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 ?

We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 928 years left so a lease extension is not an issue. 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 true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any information would be much appreciated.

I own a maisonnette together with the freehold. My upstairs neighbours have asked to extend the lease what do I need to do?

I am the registered owner of a studio flat in Horsforth. The start date for the lease was in 1992 for 99 years. Now I am wanting to extend the lease. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?

I am about to view a one bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 58 years left on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?

I have a share of the freehold. There are three flats in the block. All the leaseholders are now seeking lease extensions. What are the timescales to grant a lease extension?

I would like some guidance on purchasing a leasehold residence. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Horsforth area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?

My brother and I have been in discussion with our freeholder after having a valuation on our two bedroom second floor purpose built flat in Horsforth. We have a sixety three year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

My son knows that others in the same block previously had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on on the prices by others . This would save on double valuation fees. Would you recommend this course of action?

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