Belmont Lease Extension - Your Legal Fees Calculator
FAQs concerning Belmont Lease Extensions
I'm about to make an offer on a house in Belmont 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 Birmingham Midshires giving us the mortgage now?
I want to acquire a leasehold property and extend the lease. The seller has been there for four 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 ?
We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 928 years left so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any help would be much appreciated.
I will soon view a one bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 64 years left on the lease. It is also a repo so I'm guessing that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
We wish to extend our lease having owned the property for 2 years as of 22nd May 2016. It has roughly sixety six years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as possible.
I own a purpose-built flat located in a large block in Belmont. The leasehold interest in the flat on a 99 year lease started on 1 October 1972 with a set ground rent of £10 per annum. I would like to obtain a lease extension. Can I 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 flat in question is based in Belmont. I would be grateful if you can give me a call when you get a chance to discuss the case.
I'm living at mother and father but have a maisonette in Belmont let out which has a seventy one 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 Belmont 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 13k. Not sure sure whether to hold on or sell the flat?
We currently own a maisonette in Belmont and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has fivety four years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?
I am currently negotiating a lease extension for my flat in Belmont as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?