Questions and Answers: Thornaby Lease Extensions

  • 40k agreed with the landlord’s agents, just trying to find a Thornaby for a lease extension. Our flat has just over sixety two yearsoutstanding. What's your legal fee ?
  • I own a leasehold flat in the Thornaby area and was curious whether I could get a lease extension. What are your processes and charges. Has fivety six years outstanding
  • I purchased a one bed flat in Thornaby. I am looking for a lease extension on the property. It is about 80 years. I would just like to know what your charges are and how long the process takes.
  • I am looking to either purchase the freehold or a lease extension of my property in Thornaby and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously refinance with Aldermore to free up equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease started in 1979 and since then the ground rent has increased from £25.00 per year to £200 per year.
  • I am concerned that my niece is being hoodwinked. She submitted an offer on a three bedroom second floor purpose built maisonette in Thornaby, where the lease is about fivety five years but she was told by the estate agents that the current owner had extended it to 125 years. Only now has she been advised the homeowner was holding off for her to appoint solicitors ahead of instigating the lease extension. Seems odd to me, also it will take time to sort it all out. Am I being too sceptical?
  • I'm living with my mum and dad but have a ground floor flat in Thornaby let out which has a 77 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 Thornaby 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 19k. Should I keep or sell the flat?
  • It says on your website the anticipated fee to extend a lease is £495. Is that the total cost excluding vat and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my three bedroom second floor purpose built maisonette in Thornaby
  • I have a leasehold property in Thornaby with seventy nine years unexpired on the lease. I am looking for a to help me get a lease extension. Can you help?
  • My brother and I are hoping to acquire a property (a three bed flat inThornaby with share of freehold). Throughout our search, we were always looking at apartments that had a minimum ninety years unexpired. We came across a place we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. Today our advised us the lease only has sixety seven years and thus requires a lease extension. Should we run away, or should we negotiate our offer?
  • I am currently negotiating a lease extension for my flat in Thornaby as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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