FAQs concerning Kirkby in Ashfield Lease Extensions

  • I am looking to extend the lease on my garden flat in Kirkby in Ashfield which will have sixety seven years remaining in November. What fees apply?
  • I plan on buying a flat based in Kirkby in Ashfield. The offer is subject to the lease extension. The homeowner’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I will soon view a two bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 57 years remaining on the lease. It is also a repossession so I'm guessing that the bank will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am concerned that my niece might be having the wool pulled over her eyes. She submitted an offer on a ground floor flat in Kirkby in Ashfield, where the lease is just over 61 years but she was advised by the selling agents that the seller had extended it to 99 years. She has now been informed the seller was waiting for her to instruct conveyancers ahead of instigating the lease extension. Sounds devious, also it could take months to sort it all out. Am I reading too much into it?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I am hoping to extend the lease on my garden flat in Kirkby in Ashfield I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I am the freeholder of a Georgian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 56 years. What are my next steps?
  • I am in need of some help with a lease extension. I live in Belfast but the flat in question is based in Kirkby in Ashfield. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • I'm looking at acquiring an apartment in Kirkby in Ashfield valued at £195,000 the flat has approaching fivety eight years unexpired on the lease. My offer was conditional upon the lease being extended... .. that was back in August, expecting I'd have moved in by now. They have just informed me they'll knock £5k off if I deal with the lease extension myself. I'm unsure whether that's a good idea

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