Bembridge Lease Extension - Your Legal Fees Calculator
Questions and Answers: Bembridge Lease Extensions
I’m about to offer on a one bed flat to buy in the Bembridge area and was wondering how much would it cost for a lease extension? It has 73 years unexpired...
Hello, I stumbled upon your website. I'm seeking prices on what it cost to extend a lease of a three bedroom ground floor purpose built maisonette located in Bembridge. It's up for sale at the moment but has approximately seventy eight years left on the lease
I'm about to make an offer on a house in Bembridge 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 Platform Home Loans Ltd giving us the mortgage now?
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 899 years balance 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 true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any help would be much appreciated.
I have contacted my freeholder to extend my lease for my flat in Bembridge. His lawyers has been in contact with charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started August 1984.
I am thinking about bidding for an auction property and found a two bed flat in Bembridge. It has just 48 year lease..the seller being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and decreased chance of getting a mortgage with Bank of Scotland?
My conveyancing practitioners (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 hope to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Bembridge 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'm looking for some help with regard to extending the lease on my apartment. I'll be looking to do this sometime next year as we must 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
We have a garden flat in Bembridge with a lease of 57 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?