FAQs concerning New Farnley Lease Extensions

  • I have got a leasehold flat in the New Farnley area and was curious if I could obtain a lease extension. What are your processes and charges. Has sixety eight years balance left
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 73 years left.
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 928 years remaining so a lease extension is not an issue. 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 twenty years without owning the property. Any suggestions would be much appreciated.
  • I am looking to purchase a garden flat in New Farnley with a lease of 66 years but unsure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I'm deliberating over buying a one bed flat (leasehold) but the landlord has been absent for nearon 15yrs. My query is would it be cheaper to try to acquire the freehold or to extend lease and apply for RTM?
  • I would like some advice on leasehold property buying. We plan to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in New Farnley area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • We have owned a leasehold flat for about twenty years. There are fivety five years left on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would welcome advice.
  • 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'm looking for some assistance with regard to extending the lease on my maisonette. The plan is to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • We have a studio flat in New Farnley with a lease of fivety six years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

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