Frequently asked questions relating to Scunthorpe Lease Extensions

  • My name´s Omar. I’m flat hunting in Scunthorpe I'm seeing a one bedroom apartment online, with slightly less 65 years unexpired lease, how much will it likely cost to get a lease extension by, say, thirty years?
  • I have shares in the freehold of 2 blocks of flats comprising of seven flats each. 2 of the leasehold owners want to extend their leases and I'm enquiring about the procedure for this
  • I own a garden flat in Scunthorpe. The start date for the lease was in 1997 for 99 years. Now I am wanting to extend the lease. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Scunthorpe and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Bank of Scotland to free up equity. My adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease began in 1979 and since then the ground rent has increased from £15.00 per annum to £100 per annum.
  • I will soon view a two bedroom flat, although not exactly my dream 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 fivety seven years residual lease term on the lease. It is also a repo so I'm assuming that the lender will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • I am considering purchasing an auction property and came upon a studio flat in Scunthorpe. It only has a fifty-one year lease..the current owner being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and reduced chance of getting a mortgage with Santander?
  • My husband and I have a residential flat in Scunthorpe with 71 years unexpired. Ten months ago we were quoted a deal to have a lease extension for another fifty years but also uplift the ground rent from nominal to £200 per year..plus a premium I think of about 9k. We have now decided to go ahead but do we now have to renegotiate?
  • I own the freehold of a couple of flats. Someone has the lease on the ground flat in Scunthorpe. I reside in the upper flat. I was reviewing the land registry documents yesterday when I noticed that my flat is leasehold. There is seventy five years outstanding. If I want a lease extension then would I just be paying for the fees?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Scunthorpe
  • I'm looking for some advice with regard to a lease extension on my garden flat in Scunthorpe. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions?

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