Top Ten Questions relating to Kirkbymoorside Lease Extensions

  • I am thinking about whether to purchase the freehold or a lease extension of my property in Kirkbymoorside and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously remortgage with Barnsley Building Society to release of equity. The broker handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease began in 1979 and since then the ground rent has been raised from £25.00 per annum to £300 per annum.
  • I'm looking for a flat to buy in Kirkbymoorside and I'm not really familiar with the leasehold concept. I've identified a studio flat I like with a 87 years lease. I've read that I can go for a lease extension having owned the property for 2 years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
  • I am a first time buyer of a leasehold flat in Kirkbymoorside. The lease has just sixety one years balance left and ground rent is £75. Is it possible for the homeowner to serve the Notice of Claim and then assign this right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time consuming to the owner? Unfortunately the freeholder is absent, so I am not sure how this will play out.
  • I am seeking advice as I am interested in a property that has only a sixety seven year lease and therefore requires a lease extension. Is it possible for me to talk with someone to go through my options please?
  • My father has a share of freehold, with two other leaseholders in a building in Kirkbymoorside. House converted into three flats. He has a lease, which has nearly 56 years outstanding. 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?
  • Are you able to provide an estimate to extend my mum’s lease on a ground floor flat in Kirkbymoorside. She recently got a price from the freeholder for a lease extension but I am far from certain if it is too expensive.
  • I am planning on refinancing my ground floor flat in Kirkbymoorside and the mortgage company that I am looking to move to needs at least 80 years on the leasehold of my property in order for them to progress matters. We currently have around fivety five years on the leasehold so looking for some help, guidance, and some quotes to get the wheels in motion for a lease extension
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Kirkbymoorside
  • Do you handle lease extensions on land? (a plot of land in Kirkbymoorside with 82yrs remaining)
  • We have a studio flat in Kirkbymoorside with a lease of fivety eight years left with a value of around £370000 we want to add 125 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 Kirkbymoorside