Recently asked questions relating to Stocksfield Lease Extensions

  • Hello, I stumbled upon your website. I'm looking for prices on what it cost to extend a lease of a ground floor flat in Stocksfield. It's up for sale at the moment but has just under sixety five years left on the lease
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Stocksfield and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with Halifax to release of equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease started in 1991 and since then the ground rent has been raised from £25.00 per annum to £200 per annum.
  • I am a FTB of a leasehold flat in Stocksfield. The lease has just 72 years balance left and ground rent is £95. Is it possible for the seller to serve the Initial Notice and then transfer this right to me as the buyer on the day of completion 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 may be possible but will it be very time consuming to the owner? To add to the complexity the freeholder is absent, so I am not sure how does it work.
  • I would like to know the likely financials and the optimum way to start the lease extension process? I have approximately sixety nine years left and I own a studio flat in Stocksfield.
  • Regarding a leasehold in Stocksfield. GFF maisonette. sixety seven yrs remaining. I have negotiated a lease extension price of £12,000 for 115yrs. Landlord also insisted on Section 42 Notice which I think is a bit over the top. Can you assist.
  • I intend to buy a one bed flat in Stocksfield for asking price of 156k, which has seventy five years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am the freeholder of a Georgian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy nine years. What are my next steps?
  • Me and my sister have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Stocksfield. We have a 57 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • We currently own a garden flat in Stocksfield and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 64 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

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