Leeds Lease Extensions

Common questions relating to Leeds Lease Extensions

I am looking to extend the lease on my studio flat in Leeds which will have sixety seven years unexpired lease in September. What fees are applicable?

I have a lease of sixety nine years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

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 plan on buying a flat based in Leeds. The offer is subject to the lease extension. The vendor’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Nationwide Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I am looking into the costs of carrying out a lease extension for my garden flat in Leeds, and would like some figures on that.

I am considering acquiring an auction property and found a two bed flat in Leeds. It only has a 49 year lease..the vendor as mortgagees in possession dont want to mess around with seeking a lease extension..what are the drawbacks of this other than the expensive fee to put a new lease on it and reduced chance of getting a mortgage with Barclays ?

We have a residential flat in Leeds with 72 years left. Ten months ago we were quoted a deal to have a lease extension for another 25 years but also increase ground rent from nominal to a little more..plus a premium I think of approximately 10k. Finally we have decided to move forward but do we now have to start the negotiations again?

Offer accepted on a a garden flat in Leeds, were told numerous times by the EA that the lease was in excess of 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 within a week. My question is Have the estate agents breached any law by misrepresenting the position concerning the lease term?

I am in need of a lease extension for my flat in Leeds and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

I am looking to buy a one bed flat in Leeds for asking price of 125k, which has seventy seven years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

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