Frequently asked questions relating to Sutton in Ashfield Lease Extensions

  • I am looking for a in Sutton in Ashfield and they need to be on the Yorkshire Building Society approved conveyancers panel as we need a lease extension and remortgage at the same time. Can you recommend any please ?
  • 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'm considering buying a studio flat (leasehold) but the freeholder has been absent for just over 15yrs. I wonder whether it will be cheaper to try to buy the reversionary title or to extend lease and apply for right to manage?
  • I acquired a garden flat in Sutton in Ashfield. I am looking for a lease extension on the property. It is around 80 years. I would just like to know what your charges are and how long it would take for completion.
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Sutton in Ashfield and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously refinance with Nationwide Building Society to release of equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease began in 1981 and since then the ground rent has been raised from £25.00 per annum to £100 per annum.
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I an interested in finding out more about purchasing a leasehold residence. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Sutton in Ashfield area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • Me and my fiance would like to know the cost of a lease extension valuation for a property based in Sutton in Ashfield. Would you be able to help?
  • Just been over 2 years that I have owned my studio flat in Sutton in Ashfield. I have seventy four yrs remaining on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 445k. 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: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to the tribunal etc)?
  • We have been in discussion with our freeholder after having a valuation on our one bed flat in Sutton in Ashfield. We have a 61 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure 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.

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