Thorne Lease Extensions

Sample questions relating to Thorne Lease Extensions

I bought a flat in Thorne with a leasehold unexpired about 73 years and need a lease extension. Please can you clarify the next stages

We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 928 years outstanding so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any guidance would be much appreciated.

We are in a block made up five flats in Thorne and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

My flat in Thorne is up for sale and I have a hopefully firm offer. There is 82 years remaining on the lease and I want a lease extension. What will it likely cost to extend in this area by, say,35 years

We are proceeding with buying a one bedroom apartment in Thorne. I was informed that the lease had been extended (67 years outstanding prior to extension). The sales particulars stated "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The owner apparently has a quote but no finances to extend as a result the owner intends to exchange and use the deposit monies to extend the lease. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?

I would like some help on leasehold property buying. We hope to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Thorne 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?

My brother has a share of freehold, with two other leaseholders in a building in Thorne. House divided into three flats. He has a lease, which has slightly less than 57 yrs outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?

Although I do not need a lease extension but I do need a vesting order on a property I want to buy in Thorne. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the garden area.

Just a quick question, how much does it cost for a lease extension on a residential property in Thorne for a three bed flat - section 42 having been issued?

I have 67 years remaining on my lease of a ground floor flat in Thorne, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

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