Questions and Answers: Knottingley Lease Extensions

  • I’ve just acquired a ground floor flat located inKnottingley and I'm considering extending the lease as soon as I can e.g. in two years
  • My name´s Jasper. I’m flat hunting in Knottingley I'm seeing a ground floor flat online, with around fivety six years outstanding, how much will it likely cost to extend in this location by, say, fifty years?
  • Hello, I am looking somewhere around or in Knottingley 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • 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?
  • The intention is to sell our one bedroom apartment in Knottingley but we may require a lease extension, or at least cover the expense of our buyers. Are you able to help me find a to assist?
  • I am looking to either purchase the freehold or a lease extension of my property in Knottingley and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with Nationwide Building Society to free up equity. The broker handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease commenced in 1972 and since then the ground rent has been raised from £38.00 per annum to £125 per year.
  • I am a first time buyer of a leasehold flat in Knottingley. The lease has just 75 years balance left and ground rent is £95. Is it possible for the current owner to serve the Section 42 Notice and then transfer this right to me as the purchaser once I complete the buying process so that I don't have to wait for the two year qualifying 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 current owner? Unfortunately it’s the case of an missing landlord, 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 59 year lease and therefore requires a lease extension. Can I call someone to discuss my options please?
  • If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • I note that your website states the anticipated fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding vat and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my one bedroom second floor purpose built flat in Knottingley

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