Normanton Lease Extensions

Top Ten Questions relating to Normanton Lease Extensions

I'm deliberating over purchasing a ground floor flat (leasehold) but the freeholder has been absent for nearly 15yrs. I wonder whether it will be less expensive to try to buy the reversionary title or to extend lease and apply for right to manage?

Me and my sister are considering purchasing a garden flat in Normanton which is a leasehold. I am enquiring as to the pros and cons of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?

We are looking to extend our lease having owned the place for two years as of 1st March 2015. It has around 69 years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as possible.

I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy eight years. I need a at my end. Can you advise please? I live near Normanton and have a mortgage with Leeds Building Society.

We are acquiring a one bedroom apartment in Normanton which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of dealing with a lease extension. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do OS1 search on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must be patient until the new lease is registered?

My partner and I are in the throws of buying a home (a garden flat inNormanton with share of freehold). During our search, we were always looking at properties that had at least 84 years remaining. We came across a place we fell in love with and the estate agent promised us that the lease term was not an issue. This morning our informed us the lease only has 75 years and thus requires a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

My aunt knows that others in the same building had already had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?

I am currently in the process of remortgaging my studio flat in Normanton and the bank that I am looking to switch to needs at least 85 years on the leasehold of my property in order for them to take the mortgage forward. I have discovered that I currently have around sixety two years on the leasehold so looking for some advice, guidance, and some quotes to get the wheels in motion for a lease extension

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

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Normanton

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