FAQs concerning Wilberfoss Lease Extensions

  • I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leasehold owners want a lease extension and I'm curious about the the process
  • I bought a studio flat based in Wilberfoss with a leasehold unexpired of seventy nine years. I am wondering about what it will cost me to extend my leasehold
  • I have been in touch with my freeholder for a lease extension for my flat in Wilberfoss. His has been in contact regarding costs etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started April 1990.
  • We have a ground floor flat in Wilberfoss with 71 years left. Ten months ago we were quoted a deal to receive a lease extension for another 25 years but also increase ground rent from notional to a little more..plus a premium I think of about 16k. Finally we have decided to move forward but do we now have to renegotiate?
  • We are looking to extend our lease having owned the apartment for two years as of 1st March 2015. It has approximately 55 years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as is reasonably achievable.
  • I would like some help on leasehold property buying. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Wilberfoss 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 know that others in the same building previously had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on on the prices by others . This would save on double valuation charges. Would you recommend this course of action?
  • We currently own a one bedroom first floor purpose built maisonette in Wilberfoss 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 sixety years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Wilberfoss 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my ground floor flat in Wilberfoss

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