Mexborough Lease Extensions

FAQs concerning Mexborough Lease Extensions

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

I would like to have my residential flat leasehold extension premium valued. The flat is in Mexborough, and my lease will reach sixety two years this February. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?

I am looking to either purchase the freehold or a lease extension of my property in Mexborough and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Barclays Direct to release of equity. My adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease commenced in 1979 and since then the ground rent has been raised from £25.00 per annum to £300 per annum.

I own a leasehold apartment in Mexborough. I have built a huge extension and have not informed my leaseholder. What should I do?

I'm looking for a flat to buy in Mexborough and I'm not really familiar with the leasehold concept. I've identified a ground floor flat I like with a 91 years lease. I've read that I can go for a lease extension having owned the property for 2 years, but:- Is this a given?

I have a share of the freehold. There are five apartments in the house. All the leaseholders are now looking for lease extensions. How long will take to get a lease extension?

My husband and I are considering purchasing a one bedroom apartment in Mexborough which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?

Are you able to provide an estimate to extend my mother’s lease on a one bedroom apartment in Mexborough. She already has a figure from the landlord for a lease extension but I am unclear whether it is too high.

I have 71 years remaining on my lease of a ground floor flat in Mexborough, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

I am currently negotiating a lease extension for my flat in Mexborough 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?

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