Frequently asked questions relating to Bingham Lease Extensions

  • My name´s Gabriel. I’m house hunting in Bingham I'm considering offering on a studio flat online, with about seventy four years remaining, how much will it likely cost to get a lease extension by, say, ninety years?
  • I am looking at investing in a second home but it has a lease that expires in eighteen years. Its in Bingham - I wanted to see if with your services it is possible for this to be extended?
  • I'm intending to make an offer on a house in Bingham 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 Santander giving us the mortgage now?
  • I bought a studio flat located in Bingham with a leasehold unexpired of 66 years. I am enquiring about how much it will cost me to extend my leasehold
  • 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 own a maisonnette together with the freehold. The owners of the upstairs flat have asked for a lease extension what do I need to do?
  • I plan on buying a flat located in Bingham. My offer is conditional upon a lease extension. The flat owner’s conveyancers has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender TSB. Moreover, which are the following lease extension steps to complete the purchase?
  • We are in a block consisting of four flats in Bingham and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am a first time buyer of a leasehold flat in Bingham. The lease has only 61 years remaining and ground rent is £95. Is it possible for the current owner to serve the Notice of Claim and then assign this right to me as the buyer on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the homeowner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
  • Me and my fiance are considering buying a ground floor flat in Bingham which is a leasehold. I am enquiring as to the pros and cons of that - what occurs when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
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    Lease Extensions in Bingham

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