Questions and Answers: North Ferriby Lease Extensions

  • I need to extend my existing lease can you help me with that? I think it has 62 years outstanding
  • I am going to purchase a flat based in North Ferriby. The offer is subject to the lease extension. The seller’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender TSB. Moreover, which are the following lease extension steps to complete the purchase?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in North Ferriby and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Skipton Building Society to release of equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease started in 1972 and since then the ground rent has been raised from £38.00 per annum to £300 per annum.
  • I am a freeholder of a block of flats in North Ferriby, and the leaseholders are in the process of being given lease extensions. I should hopefully get funds next month. Are there any tax implications, the property is in joint names with my husband ?
  • My wife and I are considering purchasing a garden flat in North Ferriby which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from extending the lease?
  • I am in need of some help with a lease extension. I live in Dublin but the property in question is based in North Ferriby. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I own the freehold of a one bedroom flat in North Ferriby. The leaseholders have 67 years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • I own the freehold reversion of a property in North Ferriby where the leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £8,000, but has upped this by £2,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my studio flat in North Ferriby
  • We have a maisonette in North Ferriby with a lease of 55 years left with a value of around £410000 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 North Ferriby