Willerby Lease Extensions

Common questions relating to Willerby Lease Extensions

I bought a two bedroom second floor purpose built flat in Willerby. The lease started in 1992 for 99 years. Now I am looking for a lease extension. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?

I bought a ground floor flat in Willerby. I am looking to extend lease on the property. It is approaching 80 years. I would just like to know what your charges are and how long the process takes.

I am considering whether to purchase the freehold or a lease extension of my property in Willerby and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with Lloyds TSB Bank to release of equity. My adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease started in 1981 and since then the ground rent has been raised from £25.00 per year to £100 per year.

My mortgage lender is requesting a £600 fee for their to approve the lease extension deed for my flat in Willerby... I am unable to find any mention of this in my mortgage guide... is this a normal fee to pay?

I would like some guidance on purchasing a leasehold residence. We intend 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 Willerby area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?

My OH and I have owned a leasehold flat for about twenty years. It now has sixety years remaining on the lease. After a year of difficult negotiations through my 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 appreciate advice.

I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 68 years. I need a at my end. Can you advise please? I live near Willerby and have a mortgage with Britannia.

Me and my partner have been in discussion with our freeholder after having a valuation on our maisonette in Willerby. We have a 65 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that he 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 to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

I have sixety one years remaining on my lease of a ground floor flat in Willerby, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

I am currently negotiating a lease extension for my flat in Willerby 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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