Sample questions relating to Saltburn By The Sea Lease Extensions

  • My name´s Archie. I’m house hunting in Saltburn By The Sea I'm seeing a studio flat online, with around 79 years remaining, how much does it cost on average to extend in this location by, say, 35 years?
  • I'm about to make an offer on a house in Saltburn By The Sea but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Yorkshire Building Society giving us the mortgage now?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Saltburn By The Sea, and my lease will reach 58 years this March. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I have been in touch with my freeholder for a lease extension for my flat in Saltburn By The Sea. His has been in contact with charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started August 1985.
  • I'm looking for an apartment to buy in Saltburn By The Sea and I'm not really familiar with the leasehold arrangement. I've found a garden flat I like with a 91 years lease. I've read that I can apply for a lease extension having owned the property for a couple of years, but:- Is this a given?
  • My brother has a share of freehold, with two other leaseholders in a building in Saltburn By The Sea. House split into three flats. He has a lease, which has approximately sixety six years remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I'm living with my mum and dad but have a studio flat in Saltburn By The Sea let out which has a 70 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Saltburn By The Sea for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
  • If a leaseholder 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 doing it?
  • Me and my partner are in the throws of buying a property (a three bed flat inSaltburn By The Sea with share of freehold). Throughout our search, we were always looking at apartments that had a minimum eighty five years outstanding. We came across a flat we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. This morning our informed us the lease only has seventy four years and therefore needs a lease extension. Do we run 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?
  • My wife and I are worried about obtaining a lease extension from a difficult landlord. Regardless of the fact that the correct procedures were followed under the appropriate legislation, the landlord still attempted to charge ground rent of £300 increasing by 100% every twenty years of the new term. Can you help?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Saltburn By The Sea