Common questions relating to Bilborough Lease Extensions

  • I acquired a property in Bilborough and it has nearly 71 years remaining. I'd like to arrange a lease extension by twenty years
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 76 years unexpired.
  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 928 years balance left so a lease extension is not an issue. 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 the house being ours. Any guidance would be much appreciated.
  • I am about to put an offer in on a ground floor flat in Bilborough with a lease of 56 years but not sure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Bilborough, and my lease will reach 59 years this June. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I am about to view a two bedroom apartment, although not exactly my perfect 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 63 years residual lease term on the lease. It is also a repossession so I'm guessing that the lender will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • My mortgage lender is requesting a £600 fee for their property lawyers to approve the lease extension deed for my flat in Bilborough... I can find no mention of this in my mortgage guide... is this a normal fee to pay?
  • We have a residential flat in Bilborough with fivety four years unexpired. Ten months ago we were quoted a deal to grant a lease extension for a further thirty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 14k. We have now decided to go ahead but do we now have to start the negotiations again?
  • It says on your website the likely fee to extend a lease is £495. Is that the all inclusive cost including value added tax and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my studio flat in Bilborough
  • Do you handle lease extensions on land? (a plot of land in Bilborough with 82yrs remaining)
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    Lease Extensions in Bilborough

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