Questions and Answers: Rise Park Lease Extensions

  • I am looking for lease extension for our apartment based in Rise Park and we don't fully understand the letter that we received from our freehold company. What's your solicitors fee?
  • I have shares in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leaseholders want a lease extension and I'm enquiring about the procedure for this
  • 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 798 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 guidance would be much appreciated.
  • I am looking for a in Rise Park and they should be on the Leeds Building Society approved conveyancers panel as we need a lease extension and remortgage at the same time. Are you able to recommend a ?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • The terms for the lease on my apartment in Rise Park are 99 years from 10 Feb 1988. Can you give me a quote to extend the lease if I give you more information please?
  • I am looking to either purchase the freehold or a lease extension of my property in Rise Park and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with Yorkshire Building Society to release of equity. My broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease commenced in 1972 and since then the ground rent has been raised from £25.00 per annum to £300 per annum.
  • I am planning to extend the lease on my studio flat in Rise Park I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • Me and my OH are hoping to acquire a flat (a 2 bed flat inRise Park with share of freehold). Throughout our search, we were always looking at flats that had a minimum ninety years left. We found a apartment we liked and the estate agent assured that the lease was long albeit not specifying a number. This morning our advised us the lease only has fivety six years and therefore requires a lease extension. Should we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I require an estimate to extend my mother’s lease on a maisonette in Rise Park. She recently got a figure from the freeholder for a lease extension but I am unclear whether it is reasonable.

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