Examples of recent questions relating to Lease Extensions in Pocklington

  • I purchased a flat in Pocklington with a leasehold unexpired about 78 years and need to extend it. Please can you advise me of the next steps
  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 899 years unexpired 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any suggestions would be much appreciated.
  • I bought a garden flat in Pocklington. I am looking for a lease extension on the property. It is about eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I will soon view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 78 years remaining on the lease. It is also a repossession so I'm assuming that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
  • We are considering purchasing a three bed flat in Pocklington which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
  • Offer accepted on a a maisonette in Pocklington, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer in writing through the post which states the lease as eighty years.Contracts were due to be exchanged within a week. My query is Should I tell the current owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • 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 extending the lease?
  • My OH and I are buying a two bedroom first floor purpose built maisonette in Pocklington which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced extending the lease. The seller has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do OS1 search on the property title. The problem 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 lease title number is not known. Is it correct that we must hold on pending registration of the new lease?
  • Just a quick one, how much are the legal fees for a lease extension on a residential property in Pocklington for a three bed flat - section 42 is already in place?
  • We have a garden flat in Pocklington with a lease of 63 years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?

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