Frequently asked questions relating to Mirfield Lease Extensions

  • 35k agreed with the landlord’s agents, just seeking to find a Mirfield for a lease extension. Our lease has just under sixety two yrsremaining. How long will this take ?
  • My partner has a flat in Mirfield which we have just put on the market. The leasehold has circa sixety three years outstanding on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Many thanks.
  • I'm about to make an offer on a house in Mirfield but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Yorkshire Building Society giving us the mortgage now?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 928 years outstanding so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any guidance would be much appreciated.
  • I have been in touch with my freeholder for a lease extension for my flat in Mirfield. His has been in contact regarding charges etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started May 1994.
  • I have my suspicions that my niece might be having the wool pulled over her eyes. She put in an offer on a one bedroom apartment in Mirfield, where the lease is nearon 65 years but she was advised by the estate agents that the flat owner had extended it to 99 years. She has now been told the seller was holding off for her to retain lawyers ahead of instigating the lease extension. Sounds odd to me, also it could take a while to sort it all out. What do you think?
  • Me and my partner are considering purchasing a three bedroom ground floor purpose built flat in Mirfield which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
  • I am the freeholder of a Georgian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 71 years. What are my next steps?
  • I am planning on refinancing my 2 bed flat in Mirfield and the bank that I am looking to move to requires at least 80 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around 58 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Mirfield 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 Mirfield