Ripon Lease Extensions: Q and A’s

  • I need to extend my existing lease can you assist? My investigation with the Land Registry reveal that it has fivety six years residual lease term
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has seventy two years unexpired.
  • I am a first time buyer of a leasehold flat in Ripon. The lease has only sixety four years unexpired and ground rent is £25. Is it possible for the vendor to serve the Notice of Claim and then transfer this right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the current owner? Unfortunately it’s the case of an missing freeholder, so I am not sure how does it work.
  • Me and my sister are considering buying a one bed flat in Ripon which is a leasehold. I am wanting to weigh up 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 prevent me from having a lease extension?
  • I an interested in finding out more about purchasing a leasehold residence. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Ripon area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • I'm looking at buying a flat in Ripon valued at £256,000 the flat has approaching sixety three years unexpired on the lease. My offer was conditional upon a lease extension... .. that was back in August, expecting I'd be in by now. They have just come back saying they'll reduce the price by£2k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • Me and my fiance are acquiring a ground floor flat in Ripon which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our conveyancing practitioners to do a "priority search" on the lease. The concern here is that as a lease extension has been submitted we've been told by our lawyers it may not be possible to do this "priority search" right now as the new property title number is not known. Is it right that we must hold on until the new lease is registered?
  • Are you able to provide an estimate to extend my mother’s lease on a one bedroom apartment in Ripon. She already has a figure from the landlord for a lease extension but I am not sure it is too expensive.
  • I am currently in the process of remortgaging my studio flat in Ripon and the bank that I am looking to move to requires 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 77 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
  • We have a ground floor flat in Ripon with a lease of fivety nine years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?
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    Lease Extensions in Ripon

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