Alnmouth Lease Extensions

Questions and Answers: Alnmouth Lease Extensions

I purchased a property in Alnmouth and it has around sixety three years remaining. I'd like to extend the lease period

I'm planning to make an offer on a house in Alnmouth 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 Birmingham Midshires giving us the mortgage now?

I want to acquire a leasehold property and lease extension. The current owner has been there for four years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

I own a maisonnette together with the freehold. The owners of the downstairs flat have asked for a lease extension what do I need to do?

I am thinking about whether to purchase the freehold or a lease extension of my property in Alnmouth and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously refinance with Norwich and Peterborough Building Society to free up equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease commenced in 1981 and since then the ground rent has increased from £25.00 per year to £125 per annum.

I am a landlord of a block of flats in Alnmouth, and the leaseholders are in the process of being given lease extensions. I anticipate receiving the money next week. Are there any tax implications, the property is co-owned with my husband ?

My wife and I had entered into a purchase of a studio flat in Alnmouth. I was advised by the EA that the lease extension had already been completed while on a viewing (64 years remaining prior to extension). The description on the listing stated "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The owner supposedly has a quote but no finances to extend as a result the homeowner intends to exchange and use the 10% deposit for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?

Although I do not need a lease extension but I do need a vesting order on a property I want to buy in Alnmouth. The house is freehold but the garden is officially leasehold, 995 year lease from 1895. Its the rear garden.

My brother and I have been in discussion with our freeholder after having a valuation on our maisonette in Alnmouth. We have a seventy three year lease and we wish to increase this to 99. The Freeholder has provided 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 76 years remaining on my lease of a ground floor flat in Alnmouth, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

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