Frequently asked questions relating to Kirkby Lonsdale Lease Extensions

  • I own a leasehold apartment in Kirkby Lonsdale. I have built a large extension and have not informed the leaseholder. What should I do?
  • I am considering buying an auction property and came upon a studio flat in Kirkby Lonsdale. It has just 48 year lease..the vendor as mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this other than the costly fee to extend the lease and decreased chance of obtaining a mortgage with Bank of Ireland?
  • Ref a property in Kirkby Lonsdale. GFF maisonette. fivety seven yrs unexpired. I have an agreed lease extension to £12,000 for 125yrs. Freeholder also requested Notice of Claim which I think is a tad over the top. Can you assist.
  • Offer accepted on a a one bedroom apartment in Kirkby Lonsdale, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 85 years.Contracts were due to be exchanged within a week. My question is why has this only just been brought to my attention by my ?
  • My father has a share of freehold, with two other leaseholders in a building in Kirkby Lonsdale. House converted into three flats. He has a lease, which has slightly more than fivety six yrs 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?
  • I am hoping to extend the lease on my maisonette in Kirkby Lonsdale I am looking for help to verify the premium. I have a price from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living with my mother and father but have a 2 bed flat in Kirkby Lonsdale let out which has a sixety 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 Kirkby Lonsdale 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 21k. Should I keep or sell the flat?
  • Just been over two years that I have been in my maisonette in Kirkby Lonsdale. I have sixety two years outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • I am currently negotiating a lease extension for my flat in Kirkby Lonsdale 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?
  • We have a ground floor flat in Kirkby Lonsdale with a lease of sixety one years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?

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