FAQs concerning Ulceby Lease Extensions

  • 35k agreed with the landlord’s agents, just trying to find a Ulceby for a lease extension. Our flat has around fivety eight yrsunexpired lease. Can you please help us with this situation ?
  • 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 899 years unexpired so a lease extension is not an issue. 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 25 years without owning the property. Any help would be much appreciated.
  • I am looking to purchase a ground floor flat in Ulceby with a lease of sixety three years but have no idea what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • 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?
  • We are the registered owners of a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Ulceby and are therefore considering the option of a vesting order. Is this something you can help us with?
  • Is it possible to talk with you about an apartment in Ulceby, I am considering bidding at auction next month. The flat only has a few years remaining and I was wondering about how much it would cost to get a lease extension and for your services.
  • I am looking to either purchase the freehold or a lease extension of my property in Ulceby and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with HSBC Bank to release of equity. The broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease commenced in 1972 and since then the ground rent has been raised from £15.00 per year to £300 per annum.
  • Are you able to advise on the likely charges and the optimum way to get a lease extension started? I have around seventy nine years unexpired lease and I own a maisonette in Ulceby.
  • We are hoping to acquire a home (a one bedroom apartment inUlceby with share of freehold). Throughout our search, we were always looking at apartments that had a minimum 84 years remaining. We came across a flat we fell in love with and the estate agent promised us that the lease term was not an issue. This morning our informed us the lease only has 61 years and thus requires a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I own the freehold reversion of a property in Ulceby and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has increased this by £2,000 at the drop of a hat. My valuer has put forward a much higher figure. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to face?

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