Bispham Lease Extensions

Frequently asked questions relating to Bispham Lease Extensions

I am the registered owner of a flat in Bispham with a leasehold unexpired around seventy six years and need a lease extension. Please can you advise me of the next stages

My partner has a flat in Bispham which we have just put on the market. The leasehold has about seventy three years residual lease term on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.

I own a ground floor flat based in Bispham with a leasehold unexpired of 62 years. I am curious about how much it will cost me to extend my lease term

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 would like to have my residential flat leasehold extension premium assessed. The flat is in Bispham, and my lease will reach 55 years this November. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?

I am thinking about whether to purchase the freehold or a lease extension of my property in Bispham and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously remortgage with Alliance & Leicester to release of equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease began in 1979 and since then the ground rent has increased from £15.00 per year to £125 per year.

I an interested in finding out more about leasehold property buying. We are going 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 Bispham area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?

We are buying a maisonette in Bispham which has share of freehold and a leasehold. The lease was on the short side so the vendor commenced dealing with a lease extension. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our to do a pre-completion search on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we must be patient pending registration of the new lease?

I am the freeholder of a property in Bispham where the leaseholder has requested a lease extension. Her valuer has given a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My surveyor has suggested a much higher figure. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what charges would I be likely to incur?

We have a 2 bed flat in Bispham with a lease of 59 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Bispham