Knaresborough Lease Extensions: Q and A’s

  • I'm intending to make an offer on a house in Knaresborough but I'm concerned 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 The Royal Bank of Scotland giving us the mortgage now?
  • I want to buy a leasehold property and extend the lease. The seller has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I have a lease of 54 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • How much will it cost me and what is the best way to start the lease extension process? I have around sixety three years unexpired lease on my lease on a maisonette in Knaresborough. I have called the managing agents who represent the landlord and they provided me with the number of the valuer. I left a phone message for the valuer but I am not getting any calls back.
  • My mortgage lender requires a £600 fee for their property lawyers for a "deed of substituted security" for the lease extension for my flat in Knaresborough... I can find no mention of this in my mortgage literature... is this a normal fee to pay?
  • I am a freeholder of a block of flats in Knaresborough, and the tenants are in the process of being granted lease extensions. I should hopefully get the money within a month or so. How does the tax work, the property is co-owned with my partner ?
  • Offer accepted on a a studio flat in Knaresborough, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer in writing through the post which states the lease as 82 years.Contracts were due to be exchanged in a couple of days. My query is Should I tell the seller that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • I own the freehold of a three bedroom flat in Knaresborough. The leaseholders have 61 years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • My colleague is worried about obtaining a lease extension from an objectionable freeholder. Even though the correct procedures were followed under the 1993 Act, the landlord still attempted to charge ground rent of £250 doubling every 25 years of the new lease. Can you help?
  • I'm looking for some advice with regard to a lease extension on my maisonette in Knaresborough. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good lawyers who specialises in lease extensions?
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    Lease Extensions in Knaresborough

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