Bawtry Lease Extensions: Q and A’s

  • I agreed with the landlord to a lease extension on our flat located in Bawtry, 18k for an additional 90yrs. How long will it take ?
  • I’m about to offer on a ground floor flat to purchase in the Bawtry area and was interested in finding out how much would it cost to extend a lease? It has 74 years remaining...
  • I am looking for a lease extension on the lease on my studio flat in Bawtry which will have 78 years unexpired lease in September. What fees do you charge for this?
  • I want to buy a leasehold property and extend the lease. The seller has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I will soon view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 67 years left on the lease. It is also a repo so I'm assuming that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • I intend to buy a one bed flat in Bawtry for asking price of 156k, which has 70 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 surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I an interested in finding out more about purchasing a leasehold residence. We plan to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Bawtry area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • I am the freeholder of a Edwardian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 62 years. What are my next steps?
  • 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 have 65 years remaining on my lease of a ground floor flat in Bawtry, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
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    Lease Extensions in Bawtry

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