Lease Extensions in Waolstenholme

Questions and Answers: Waolstenholme Lease Extensions

My partner has an apartment based in Waolstenholme which we are about to put on the market. The leasehold has around sixety four years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Many thanks.

I am thinking about whether to purchase the freehold or a lease extension of my property in Waolstenholme and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Norwich and Peterborough Building Society to free up equity. My adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease started in 1979 and since then the ground rent has been raised from £15.00 per year to £100 per year.

Last year I purchased a leasehold apartment in Waolstenholme. I have built a large extension and have not informed my freeholder. What should I do?

I am a landlord of a block of flats in Waolstenholme, and the leaseholders are in the process of being granted lease extensions. I anticipate receiving funds next week. Are there any tax implications, the property is co-owned with my partner ?

I am considering buying an auction property and found a two bed flat in Waolstenholme. It has just 49 year lease..the vendor being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this except for the costly fee to extend the lease and reduced chance of obtaining a mortgage with Yorkshire Building Society?

We wish to extend our lease having owned the apartment for 2 years as of 22nd Jan 2015. It has slightly more than sixety seven years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as is reasonably achievable.

Me and my OH are are hoping to complete on a ground floor flat in Waolstenholme which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of dealing with a lease extension. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we have to wait until the lease extension has actually been registered before completing.?

I require an estimate to extend my mum’s lease on a ground floor flat in Waolstenholme. She already has a figure from the landlord for a lease extension but I am far from certain if it is too high.

I have 63 years remaining on my lease of a ground floor flat in Waolstenholme, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my studio flat in Waolstenholme

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