Sherburn In Elmet Lease Extensions: Q and A’s

  • I have an interest in the freehold of buildings comprising of 8 flats each. 2 of the leaseholders want to extend their leases and I'm enquiring about the procedure for this
  • I am looking for a in Sherburn In Elmet and they need to be on the Clydesdale approved conveyancers panel as we need a lease extension and remortgage at the same time. Are you able to recommend any please ?
  • I have contacted my freeholder to extend my lease for my flat in Sherburn In Elmet. His has been in contact regarding costs etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started June 1985.
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Sherburn In Elmet and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Virgin Money to free up equity. My adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease commenced in 1972 and since then the ground rent has increased from £25.00 per annum to £300 per year.
  • I am about to view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 76 years residual lease term on the lease. It is also a repossession so I'm guessing that the lender will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • I am a FTB of a leasehold flat in Sherburn In Elmet. The lease has just sixety five years unexpired and ground rent is £50. Is it possible for the current owner to serve the Notice of Claim and then transfer this right to me as the buyer once I complete the buying process so that I can avoid waiting 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 achievable but will it be very time consuming to the owner? To add to the complexity the freeholder can not be found, so I am not sure how does it work.
  • My mortgage provider is requesting a £500 fee for their to agree a lease extension for my flat in Sherburn In Elmet... I can find no mention of this in my mortgage contract... is this a standard cost that they charge?
  • I am in need of a lease extension for my flat in Sherburn In Elmet and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Sherburn In Elmet for a one bed flat - section 42 having been issued?
  • I'm looking for some advice with regard to a lease extension on my garden flat in Sherburn In Elmet. 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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