Frequently asked questions relating to Woodthorpe Lease Extensions

  • I agreed with the freeholder for a lease extension on our flat located in Woodthorpe, 20.5k for a further 90yrs. How long will it take ?
  • My name´s Leo. I’m house hunting in Woodthorpe I'm thinking about offering on a 2 bed flat online, with around 57 years unexpired lease, how much will it likely cost to get a lease extension by, say, fifty years?
  • I am interested in getting a lease extension for a flat in Woodthorpe and want to use a local conveyancers. Are you able to help me find a conveyancing practitioners?
  • I'm wanting to make an offer on a house in Woodthorpe but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Leeds Building Society giving us the mortgage now?
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 928 years left so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any feedback would be much appreciated.
  • My co-lessees and I are in a building of three flats in Woodthorpe and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • What will I need to spend and what is the best way to get a lease extension started? I have around fivety six years left on my lease on a studio flat in Woodthorpe. I have called the managing agents who act on behalf of the freeholder and they provided me with the number for the valuer. I telephone the valuer but I am not receiving any returned calls.
  • I would like some advice on leasehold property buying. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Woodthorpe 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?
  • I'm living at parents but have a maisonette in Woodthorpe let out which has a sixety one year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Woodthorpe for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
  • We have a maisonette in Woodthorpe with a lease of 79 years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?
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    Lease Extensions in Woodthorpe

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