Bedworth Lease Extension - Your Legal Fees Calculator
Sample questions relating to Bedworth Lease Extensions
I'm planning to make an offer on a house in Bedworth 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 Clydesdale giving us the mortgage now?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I am the owner of a maisonnette together with the freehold. My downstairs neighbours have asked to extend the lease what do I need to do?
The terms for the lease on my flat in Bedworth are 95 years from 12 Dec 1980. Please provide me a quote to extend the lease if I give you more specifics please?
I'm looking for an apartment to buy in Bedworth and I'm not really familiar with the leasehold arrangement. I've found a ground floor flat I like with a 90 years lease. My research reveals that I can apply for a lease extension after 2 years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
I am thinking about bidding for an auction property and found a two bed flat in Bedworth. It only has a 50 year lease..the seller being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this except for the costly fee to put a new lease on it and reduced chance of getting a mortgage with Bank of Ireland?
I intend to buy a one bed flat in Bedworth for asking price of 156k, which has 62 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 question is: If the freeholder 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?
Me and my sister have owned a leasehold flat for around eighteen years. There are 62 years unexpired lease on the lease. After a year of protracted negotiations through my property lawyers and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
My wife and I would like to know the cost of a lease extension valuation for a property based in Bedworth. Is this something you can help us with?
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 doing it?