FAQs concerning Kings Lynn Lease Extensions

  • I am thinking about a lease extension for our two bed flat based in Kings Lynn and we are confused by the letter that we received from our freehold company. How long will it take?
  • I bought a ground floor flat in Kings Lynn that I now cannot sell as a result of the lease needing a lease extension. What's your legal fee ?
  • My neighbours and I are in a building containing four flats in Kings Lynn and have been offered to buy the freehold for 8k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • My mortgage provider is requesting several hundred pounds for their to approve the lease extension deed for my flat in Kings Lynn... I can find no mention of this in my mortgage literature... is this a standard cost that they charge?
  • I am considering acquiring an auction property and came upon a one bed flat in Kings Lynn. It has just fifty-one year lease..the seller as mortgagees in possession dont want the aggravation of applying for a lease extension..what are the drawbacks of this except for the huge fee to extend the lease and decreased chance of getting a mortgage with Leeds Building Society?
  • I have a share of the freehold. There are three flats in the building. All the leaseholders are now looking for lease extensions. What's your legal fee?
  • My husband has a share of freehold, with two other leaseholders in a building in Kings Lynn. House split into three apartments. He has a lease, which has circa 73 yrs 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 in need of some help with a lease extension. I live in Glasgow but the property in question is based in Kings Lynn. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm living at mother and father but have a ground floor flat in Kings Lynn let out which has a 60 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 Kings Lynn 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. Should I keep or sell the flat?
  • I own the freehold reversion of a property in Kings Lynn and a leaseholder has requested a lease extension. Her valuer has given a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what fee would I be likely to incur?

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