Top Ten Questions relating to Hull East Lease Extensions

  • Hello, I just randomly found your site. I'm seeking prices on what it cost to extend a lease of a maisonette in Hull East. It's on the market at the moment but has approximately 63 years unexpired lease on the lease
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 928 years balance 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 the house being ours. Any information would be much appreciated.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Hull East, and my lease will reach 70 years this July. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • We bought a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Hull East and looking to do a vesting order. Is this something you can handle for us?
  • My husband has a share of freehold, with two other leaseholders in a building in Hull East. House divided into three flats. He has a lease, which has nearly 64 years unexpired lease. 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'm living at parents but have a garden flat in Hull East let out which has a sixety six 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 Hull East 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 13k. Not sure sure whether to hold on or sell the flat?
  • We are hoping to purchase a property (a one bedroom apartment located inHull East with share of freehold). During our search, we were always looking at properties that had at least eighty five years left. We came across a flat we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. This morning our informed us the lease only has sixety two years and thus needs a lease extension. Do we run away, or do we negotiate our offer?
  • I have sixety four years remaining on my lease of a ground floor flat in Hull East, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I am currently negotiating a lease extension for my flat in Hull East as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • I have a lease of 66 years remaining on my flat in Hull East. 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?

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