Lease Extensions in Bilborough

Examples of recent questions relating to Lease Extensions in Bilborough

I’m about to offer on a studio flat to buy in the Bilborough area and was wondering how much would it cost to extend a lease? It has 65 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 798 years unexpired 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 25 years without owning the property. Any feedback would be much appreciated.

Hi. I need a to review my lease extension before it's formalised just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor variations.

I would like to know the likely cost and the optimum way to get a lease extension started? I have about 79 years left and I own a garden flat in Bilborough.

I am thinking about acquiring an auction property and came upon a studio flat in Bilborough. It has just 41 year lease..the seller as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and decreased chance of getting a mortgage with Birmingham Midshires?

I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I initiate the process, is this correct?

Just been over 2 years that I have owned my 2 bed flat in Bilborough. I have 75 years outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Bilborough based or any will do fine?

It says on your website the anticipated fee to extend a lease is £495. Is that the all inclusive cost including value added tax and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my ground floor flat in Bilborough

I have a lease of 76 years remaining on my flat in Bilborough. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

I'm looking for some advice with regard to a lease extension on my ground floor flat in Bilborough. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal 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?

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