Questions and Answers: Selby Lease Extensions

  • I have just acquired a maisonette inSelby and I'm deliberating a lease extension as soon as practicable e.g. after two years
  • 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 outstanding so a lease extension is not a concern. 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 correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any guidance would be much appreciated.
  • I am the registered owner of a garden flat based in Selby with a leasehold unexpired of 66 years. I am wondering about what it will cost me to extend my lease
  • We have a ground floor flat in Selby with 69 years remaining. Last year we were quoted a deal to have a lease extension for a further thirty years but also increase ground rent from notional to £250 per annum..plus a premium I think of approximately 16k. Finally we have decided to move forward but do we now have to renegotiate?
  • I am in need of a lease extension for my flat in Selby and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am the freeholder of a Edwardian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 57 years. What are my next steps?
  • I have a freehold of a three bedroom flat in Selby. The leaseholders have 68 years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • I am currently in the process of remortgaging my ground floor flat in Selby and the mortgage company that I am looking to switch to needs a minimum 85 years remaining on the lease in order for them to progress matters. I have discovered that I currently have around 69 years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
  • Do you handle lease extensions on land? (a plot of land in Selby with 82yrs remaining)
  • I have a lease of fivety nine years remaining on my flat in Selby. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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