Frequently asked questions relating to Hoyland Lease Extensions

  • In 2010 I purchased a leasehold apartment in Hoyland. I have built a large extension and have not informed my freeholder. What are my options?
  • I am about to view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has sixety eight years unexpired on the lease. It is also a repo so I'm assuming that the bank will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • I would like to know how much it would financials and the optimum way to start the lease extension process? I have roughly sixety five years outstanding and I own a garden flat in Hoyland.
  • I intend to buy a one bed flat in Hoyland for asking price of 125k, which has 56 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 query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • My brother has a share of freehold, with two other leaseholders in a building in Hoyland. House converted into three apartments. He has a lease, which has circa 66 years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am the freeholder of a Edwardian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 75 years. What are my next steps?
  • I'm living with my mother and father but have a two bedroom first floor purpose built maisonette in Hoyland let out which has a sixety five year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Hoyland for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?
  • We are buying a one bedroom apartment in Hoyland which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our to do a "priority search" on the property title. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we must hold on until the lease extension has actually been registered before completing.?
  • My OH and I are hoping to acquire a flat (a one bedroom apartment based inHoyland with share of freehold). Throughout our search, we were always looking at apartments that had at least ninety years left. We found a flat we liked and the selling agent promised us that the lease was long albeit not specifying a number. Today our advised us the lease only has seventy eight years and thus requires a lease extension. Should we run away, or should 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my 2 bed flat in Hoyland

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