Questions and Answers: Northop Hall Lease Extensions

  • I’m about to offer on a ground floor flat to buy in the Northop Hall area and was interested in finding out what the likely fees would be to extend a lease? It has 72 years as a balance left...
  • My partner has an apartment based in Northop Hall which we are about to put on the market. The leasehold has approximately seventy seven 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 want to purchase a leasehold property and lease extension. The flat owner has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am going to purchase a flat based in Northop Hall. My offer is subject to the lease extension. The flat owner’s has given to the freeholder 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 Halifax. Moreover, which are the following lease extension steps to complete the purchase?
  • I am considering bidding for an auction property and found a studio flat in Northop Hall. It only has a 41 year lease..the current owner being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this other than the expensive fee to put a new lease on it and reduced chance of obtaining a mortgage with Barnsley Building Society?
  • I own the freehold of a 2 bedroom flat in Northop Hall. The leaseholders have 74 years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • Me and my wife are hoping to purchase a home (a studio flat inNorthop Hall with share of freehold). Throughout our search, we were always looking at flats that had at least ninety years outstanding. We came across a place we liked and the estate agent promised us that the lease was long albeit not specifying a number. Today our told us the lease only has fivety nine years and therefore requires a lease extension. Do we run away, or should we reduce our offer?
  • I am currently in the process of remortgaging my two bedroom ground floor purpose built flat in Northop Hall and the mortgage company that I am looking to move to needs a minimum 80 years on the leasehold of my property in order for them to progress matters. We currently have around 66 years on the leasehold so require some advice, guidance, and some quotes to set the wheels in motion for a lease extension
  • We have a three bed flat in Northop Hall with a lease of 68 years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?
  • I'm looking for some advice with regard to a lease extension on my one bedroom apartment in Northop Hall. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Can you recommend a good who specialises in lease extensions?

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