Frequently asked questions relating to Willerby Lease Extensions

  • My OH and I have just purchased a three bed conversion flat based inWillerby and I'm considering extending the lease as soon as I can e.g. after 24 months of ownership
  • I just completed on a property in Willerby and it has roughly seventy seven years unexpired. I'd like to extend the lease period
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Willerby, and my lease will reach sixety eight years this Septembmer. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I am going to purchase a flat in Willerby. My offer is subject to the lease extension. The vendor’s has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Yorkshire Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I will soon view a one bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has fivety four years remaining on the lease. It is also a repossession so I'm assuming that the bank will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • I am a FTB of a leasehold flat in Willerby. The lease has just 71 years unexpired and ground rent is £75. Is it possible for the current owner to serve the Section 42 Notice and then assign this right to me as the buyer on the day of completion so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the seller? Unfortunately it’s the case of an missing landlord, so I am not sure how this will play out.
  • Regarding a leasehold in Willerby. upper maisonette. fivety five yrs unexpired. I have an agreed lease extension to £12,000 for 125yrs. Freeholder also requested Section 42 Notice which I think is a tad over the top. Advice required.
  • I'm intent on buying a flat in Willerby valued at £210,000 the flat has something like sixety seven years remaining on the lease. My offer was subject to a lease extension... .. that was back in August, hoping I'd be in before Christmas. The owner has just come back saying that they are prepared to knock £3k off if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
  • I am planning on remortgaging my garden flat in Willerby and the mortgage company that I am looking to switch to needs a minimum 80 years on the leasehold of my property in order for them to take the mortgage forward. I have found that I currently have around seventy five years on the leasehold so require some help, guidance, and some quotes to start the lease extension process
  • We have a three bed flat in Willerby with a lease of 72 years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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