Knaresborough Lease Extensions Example Support Desk Enquiries

  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 798 years unexpired so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any advice would be much appreciated.
  • My neighbours and I are in a building consisting of five flats in Knaresborough and have been offered to buy the freehold for 7k 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?
  • The terms for the lease on my apartment in Knaresborough are 95 years from 1 Jan 1990. Can you supply me me a quote for a lease extension if I give you more specifics please?
  • I acquired a one bedroom apartment in Knaresborough. I am looking for a lease extension on the property. It is just over 80 years. I would just like to know what your charges are and how long it would take for completion.
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Knaresborough and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Skipton Building Society to release of equity. The adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease started in 1991 and since then the ground rent has increased from £15.00 per year to £125 per annum.
  • I will soon view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 76 years outstanding on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • My brother has a share of freehold, with two other leaseholders in a building in Knaresborough. House divided into three flats. He has a lease, which has circa 77 years outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • I'm looking for some help with regard to a lease extension on my flat. The intention is to do this sometime next year as we have to move 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 LVT route. You are able to recommend a good with expertise in lease extensions. Ideally someone in Knaresborough area?
  • I am currently negotiating a lease extension for my flat in Knaresborough 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?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bed flat in Knaresborough

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