Top Ten Questions relating to Shipley Lease Extensions

  • We agreed with the head landlord to a lease extension on our flat based in Shipley, 12.5k for a further 90yrs. How long will it take ?
  • I’m about to offer on a ground floor flat to buy in the Shipley area and was curious how much would it cost for a lease extension? It has fivety five years as a balance left...
  • I'm intending to make an offer on a house in Shipley 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 Leeds Building Society giving us the mortgage now?
  • I am looking for a in Shipley and they need to be on the Barclays approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend a ?
  • I am going to purchase a flat based in Shipley. The offer is conditional upon a lease extension. The current owner’s has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender HSBC Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • I bought a maisonette in Shipley. I am looking to extend lease on the property. It is about eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I will soon view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 78 years balance left on the lease. It is also a repossession so I'm assuming that the bank will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I am a landlord of a block of flats in Shipley, and the tenants are in the process of being issued lease extensions. I should hopefully get the money within a month or so. As I am not on self assessment do I contact the tax man ?
  • Me and my fiance had entered into a purchase of a one bed flat in Shipley. I was advised by the EA that the lease extension had already been completed while on a viewing (fivety eight years remaining prior to extension). The sales particulars said "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The current owner supposedly has a quote but no finances to extend as a result the seller wishes to exchange and use the 10% deposit for the lease extension. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?
  • Just been over 2 years that I have owned my garden flat in Shipley. I have 71 yrs left on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Shipley based or any will do fine?

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