Withernsea Lease Extensions: Q and A’s

  • I acquired a maisonette in Withernsea. The start date for the lease was in 1991 for 99 years. Now I am looking for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
  • I need to talk to you about a leasehold property in Withernsea, I am thinking of buying at auction in the next few days. The flat only has a few years left and I am curious about how much it would cost to get a lease extension and for your services.
  • My mortgage provider requires a £500 fee for their conveyancing practitioners to agree a lease extension for my flat in Withernsea... I am unable to find any mention of this in my mortgage booklet... is this a usual charge?
  • I am a freeholder of a block of flats in Withernsea, and the lessees are in the process of being given lease extensions. I should hopefully get the money within a month or so. How does the tax work, the property is co-owned with my husband ?
  • I own a share of the freehold. There are three apartments in the block. All the leaseholders are now looking for lease extensions. Are you willing to assist us with this situation?
  • I am looking to buy a one bed flat in Withernsea for asking price of 145k, which has 78 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am the freeholder of a Victorian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 63 years. What are my next steps?
  • My OH and I would like to know the cost of a lease extension valuation for a property based in Withernsea. Would you be able to help?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • I'm intent on buying an apartment in Withernsea at a price of £210,000 the flat has something like seventy eight years unexpired on the lease. My offer was subject to a lease extension... .. that was back in June, hoping I'd have moved in before Christmas. The owner has just come back saying they are willing to knock £4k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
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    Lease Extensions in Withernsea

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