Malton Lease Extensions: Q and A’s

  • We hope to sell our maisonette in Malton but we may need to extend the lease, or possibly cover the expense of our buyers. Are you able to suggest someone to handle this?
  • My neighbours and I are in a building containing five flats in Malton and have been offered to buy the freehold for £6000 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 flat in Malton are 99 years from 10 Sep 1988. Can you give me a quote to extend the lease if I give you more specifics please?
  • My mortgage lender requires a £600 fee for their to agree a lease extension for my flat in Malton... I can find no mention of this in my mortgage literature... is this a standard fee to pay?
  • We have a first floor flat in Malton with 75 years unexpired. Last year we were quoted a deal to grant a lease extension for a further fifty years but also uplift the ground rent from notional to a little more..plus a premium I think of about 16k. Finally we have decided to go ahead but do we now have to start the negotiations again?
  • I own a share of the freehold. There are five flats in the house. All the leaseholders are now requiring lease extensions. What's your legal fee?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to purchase in Malton. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the garden area.
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the all inclusive cost including value added tax and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my three bedroom second floor purpose built maisonette in Malton
  • My and my partner know that others in the same building previously 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 previous prices . This would save on double valuation fees. Would you suggest this course of action?

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