Common questions relating to Penistone Lease Extensions

  • I have just purchased a one bedroom apartment located inPenistone and I'm thinking about extending the lease as soon as possible e.g. in a couple of years
  • So this is the scenario: I am the registered owner of a garden flat in Penistone that I am finding difficult to sell due to the lease requiring a lease extension. Can you please help me with this situation ?
  • I have shares in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leaseholders want a lease extension and I'm curious about the procedure for this
  • I wondered if you could help me on the likely cost and the best way to get a lease extension started? I have about seventy eight years unexpired lease and I own a studio flat in Penistone.
  • I am considering purchasing an auction property and identified a two bed flat in Penistone. It has just 49 year lease..the current owner being mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and reduced chance of obtaining a mortgage with National Westminster Bank?
  • I am looking for advice as I am interested in a property that has only a sixety five year lease and therefore requires a lease extension. Is it possible for me to call someone to go through my options please?
  • Me and my fiance would like to know the cost of a lease extension valuation for a property based in Penistone. Is this something you can help us with?
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to acquire in Penistone. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the rear garden.
  • I am currently in the process of remortgaging my two bedroom second floor purpose built flat in Penistone and the next lender that I am looking to switch to needs at least 85 years on the leasehold of my property in order for them to progress matters. I have discovered that I currently have around seventy nine years on the leasehold so require some help, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Penistone 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 Penistone