FAQs concerning Wakefield Lease Extensions

  • I have an interest in the freehold of buildings comprising of seven flats each. Two of the leaseholders want a lease extension and I'm enquiring about the the process
  • I need to extend my existing lease can you assist? I think it has fivety nine years unexpired
  • I need to negotiate a lease extension for a flat in Wakefield and want to use a local conveyancers. Are you able to help me find a lawyers?
  • I'm considering buying a garden flat (leasehold) but the freeholder has been missing for just under 15yrs. I wonder whether it will be less expensive to try to acquire the freehold or to extend lease and apply for RTM?
  • Is it possible to talk with you about a leasehold property in Wakefield, I am considering buying at auction next week. The flat only has a few years outstanding and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • We had entered into buying a one bedroom apartment in Wakefield. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety one years remaining prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The seller apparently has a quote but no money to extend as a result the owner wishes to exchange and use the deposit monies for the lease extension. My question is as the lease hasn't been extended is there not a danger that Barclays won't lend on a lease?
  • I am the freeholder of a 1930’s property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety six years. What are my next steps?
  • I do not need a lease extension but I do require a vesting order on a property I want to purchase in Wakefield. The house is freehold but the garden is officially leasehold, 1000 year lease from 1895. Its the rear garden.
  • My fiance and I have been in discussion with our freeholder after having a valuation on our three bed flat in Wakefield. We have a seventy one year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount 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 lawyers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • 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?
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    Lease Extensions in Wakefield

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