Lease Extensions in Aughton

Examples of recent questions relating to Lease Extensions in Aughton

I'm intending to make an offer on a house in Aughton but I'm a little worried 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 Alliance & Leicester giving us the mortgage now?

We bought a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Aughton and looking to do a vesting order. Is this something you can help us with?

I am looking to either purchase the freehold or a lease extension of my property in Aughton and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously get a new mortgage with Skipton Building Society to release of equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease began in 1981 and since then the ground rent has been raised from £15.00 per year to £100 per annum.

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

I would like some help on purchasing a leasehold residence. We intend 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 Aughton area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?

My wife and I have owned a leasehold flat for approximately eighteen years. There are 68 years left on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate some independent thoughts.

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?

We are are hoping to complete on a three bedroom ground floor purpose built flat in Aughton which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of extending the lease. The owner has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we have to be patient pending registration of the new lease?

I am the freeholder of a property in Aughton where the leaseholder would like a lease extension. Her so called valuation expert has given a figure of £9,000, but has upped this to £10,000 without too much effort. My valuer has put forward a much higher figure. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?

I'm looking for some advice with regard to a lease extension on my flat. I'll be looking to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Can you recommend a good who specialises in lease extensions. Preferably someone in Aughton area?

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