Questions and Answers: Knaresborough Lease Extensions

  • I just completed on a property in Knaresborough and it has roughly 56 years balance left. I'd like to extend the lease period
  • Hi. I need someone to review my lease extension prior to it being signed just to ensure there's nothing that I haven't seen - it's just a reissue with a few small changes.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Knaresborough, and my lease will reach sixety years this January. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I own a leasehold apartment in Knaresborough. I have built a huge extension and have not informed the leaseholder. What are my options?
  • I am a freeholder of a block of flats in Knaresborough, and the tenants are in the process of being given lease extensions. I should hopefully get the money next week. Are there any tax implications, the property is in joint names with my wife ?
  • I own a share of the freehold. There are four apartments in the house. All the leaseholders are now seeking lease extensions. Are you willing to help us with this situation?
  • I'm living with my mother and father but have a garden flat in Knaresborough let out which has a 56 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 Knaresborough 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 19k. Should I keep or sell the flat?
  • I'm looking for some assistance with regard to extending the lease on my maisonette. I'll be looking to do this in nine months time as we must 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 tribunal route. Do I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • My wife and I are aware that others in the same building had already had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you recommend this course of action?
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    Lease Extensions in Knaresborough

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