Recently asked questions relating to Stokesley Lease Extensions

  • I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has fivety nine years residual lease term
  • I'm considering purchasing a maisonette (leasehold) but the freeholder has been missing for around 15yrs. My question is would it be cheaper to try to purchase the reversionary title or to get a lease extension and apply for RTM?
  • I am a FTB of a leasehold flat in Stokesley. The lease has only 59 years balance left and ground rent is £75. Is it possible for the vendor to serve the Initial Notice and then assign over the right to me as the buyer on the day of completion so that I don't have to wait for the two 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 costly to the owner? Unfortunately the landlord is absent, so I am not sure how this will play out.
  • I am looking at buying an auction property and came upon a studio flat in Stokesley. It only has a 50 year lease..the vendor as mortgagees in possession will not want to mess around with seeking a lease extension..what are the disadvantages of this other than the costly fee to extend the lease and reduced chance of getting a mortgage with Accord Mortgages Ltd?
  • I would like some advice on leasehold property buying. We are going to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Stokesley area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • My wife and I have owned a leasehold flat for approximately fifteen years. It now has fivety four years remaining on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.
  • I am the freeholder of a Georgian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 60 years. What are my next steps?
  • I'm living at mother and father but have a two bedroom ground floor purpose built flat in Stokesley let out which has a seventy five year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Stokesley for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • My fiance and I are hoping to buy a property (a maisonette located inStokesley with share of freehold). Throughout our search, we were always looking at flats that had a minimum 84 years balance left. We found a apartment we liked and the selling agent assured that the lease term was not an issue. Yesterday our advised us the lease only has sixety six years and therefore requires a lease extension. Should we walk away, or should we reduce our offer?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my ground floor flat in Stokesley

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