Wakefield Lease Extensions: Q and A’s

  • We are looking for lease extension for our ground floor flat based in Wakefield and we don't fully comprehend the letter that we received from our landlord company. How long will it take?
  • I have just completed on a studio flat located inWakefield and I'm deliberating a lease extension as soon as I can e.g. after a couple of years
  • My name´s Omar. I’m flat hunting in Wakefield I'm deliberating offering on a ground floor flat online, with slightly more 75 years remaining, how much will it likely cost to get a lease extension by, say, 35 years?
  • I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has 68 years unexpired
  • Me and my fiance are considering buying a maisonette in Wakefield which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I commence the process, is this correct?
  • I would like some guidance on leasehold property buying. We are going to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Wakefield area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • We currently own a 2 bed flat in Wakefield and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 54 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Wakefield 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?
  • I have a lease of seventy six years remaining on my flat in Wakefield. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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