Frequently asked questions relating to Kirk Ella Lease Extensions

  • My wife and I have just bought a studio flat inKirk Ella and I'm deliberating a lease extension as soon as possible e.g. in a couple of years
  • I'm intending to make an offer on a house in Kirk Ella but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Godiva Mortgages Ltd giving us the mortgage now?
  • My neighbours and I are in a building comprising five flats in Kirk Ella and have been offered to buy the freehold for £5000 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?
  • I inherited a three bedroom second floor purpose built maisonette in Kirk Ella. I am looking for a lease extension on the property. It is about eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I need to talk to you about a leasehold property in Kirk Ella, I am considering bidding at auction next month. The flat has a short lease and I was wondering about how much it would cost to get a lease extension and for your services.
  • 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 obtaining a copy of the title I've learnt that it only has 73 years left on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • Offer accepted on a a garden flat in Kirk Ella, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 85 years.We are soon to exchange contracts in a couple of days. My question is how is possible that the estate agent got it so wrong?
  • My nephew has a share of freehold, with two other leaseholders in a building in Kirk Ella. House converted into three flats. He has a lease, which has slightly more than sixety nine years left. 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?
  • We are hoping to purchase a property (a studio flat located inKirk Ella with share of freehold). Throughout our search, we were always looking at apartments that had a minimum ninety years residual lease term. We found a flat we liked and the selling agent promised us that the lease term was not an issue. Yesterday our advised us the lease only has 75 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 are concerned about seeking a lease extension from a difficult freeholder. Notwithstanding that the correct procedures were adhered to under the 1993 Act, the freeholder still tried to charge ground rent of £200 doubling every twenty years of the new lease. Can you help?

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