Common questions relating to Yarm Lease Extensions
I am looking into the costs of carrying out a lease extension for my studio flat in Yarm, and would like some figures on that.
I am seeking advice as I am interested in a property that has only a seventy six year lease and therefore requires a lease extension. Is it possible for me to talk with someone to discuss my options please?
I am in need of some help with a lease extension. I live in Edinburgh but the property in question is based in Yarm. I would be grateful if you can give me a call when you get a chance to discuss the case.
I'm living with my mum and dad but have a maisonette in Yarm let out which has a fivety nine 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 Yarm 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 19k. Should I keep or sell the flat?
If somebody 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 own the freehold of a one bedroom flat in Yarm. The leaseholders have seventy nine years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Yarm for a one bed flat - sec 42 is already in place?
My fiance and I are in the throws of buying a property (a one bedroom first floor purpose built maisonette based inYarm with share of freehold). During our search, we were always looking at apartments that had a minimum 84 years unexpired. We found a apartment we liked and the estate agent assured that the lease was long albeit not specifying a number. This morning our property lawyers told us the lease only has sixety one years and therefore requires a lease extension. Should we run away, or should we reduce our offer?
Do you handle lease extensions on land? (a plot of land in Yarm with 82yrs remaining)
I have a lease of seventy nine years remaining on my flat in Yarm. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?