Top Ten Questions relating to Wetherby Lease Extensions

  • My name´s Blake. I’m property hunting in Wetherby I'm considering offering on a one bedroom apartment online, with roughly sixety four years unexpired lease, how much does it cost on average to get a lease extension by, say, 45 years?
  • 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?
  • I'm planning on purchasing a one bedroom ground floor purpose built maisonette (leasehold) but the freeholder has been absent for around 15yrs. My question is would it be cheaper to try to buy the freehold or to extend lease and apply for RTM?
  • We have a ground floor flat in Wetherby with 60 years left. Last year we were quoted a deal to grant a lease extension for another 25 years but also uplift the ground rent from nominal to £250 per annum..plus a premium I think of approximately 14k. We have now decided to move forward but do we now have to start the negotiations again?
  • I am in need of a lease extension for my flat in Wetherby and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am the owner of a purpose-built apartment in a small block in Wetherby. The leasehold interest in the apartment on a 101 year lease which commenced from 11th January 1969 with a fixed ground rent of £25 per annum. I wish to obtain a lease extension. Can I call someone to go through my options please?
  • Me and my husband have owned a leasehold flat for around twenty years. It now has 77 years outstanding on the lease. Following a year of protracted negotiations through my solicitors and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to a Tribunal and would welcome some independent thoughts.
  • We would like to know the cost of a lease extension valuation for a property based in Wetherby. Is this something you can help us with?
  • My husband and I are in the throws of buying a property (a one bedroom apartment located inWetherby with share of freehold). Throughout our search, we were always looking at apartments that had a minimum ninety years remaining. We found a flat we fell in love with and the selling agent assured that the lease was long albeit not specifying a number. This morning our property lawyers told us the lease only has 62 years and thus needs a lease extension. Do we run 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 am planning on remortgaging my garden flat in Wetherby and the new lender that I am looking to move to needs a minimum 80 years remaining on the lease in order for them to progress matters. I have found that I currently have around seventy nine years on the leasehold so looking for some advice, guidance, and some quotes to set the wheels in motion for a lease extension
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    Lease Extensions in Wetherby

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