Top Ten Questions relating to Bispham Lease Extensions

  • We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 928 years left so a lease extension is not a worry. 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 information would be much appreciated.
  • We are considering purchasing a maisonette in Bispham which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
  • We wish to extend our lease. We will have been in the place for 2 years as of 13th April 2015. It has slightly less than 59 years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as possible.
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • I am the owner of a purpose-built apartment based in a small development in Bispham. The leasehold interest in the apartment on a 101 year lease which commenced from 11th November 1970 with a fixed yearly rent of 35. I wish to obtain a lease extension. Can I talk with someone to discuss my options please?
  • My (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?
  • My father has a share of freehold, with two other leaseholders in a building in Bispham. House converted into three apartments. He has a lease, which has circa 68 yrs left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am in need of some help with a lease extension. I live in Glasgow but the flat in question is based in Bispham. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I am currently in the process of refinancing my maisonette in Bispham and the bank that I am looking to switch to needs at least 80 years remaining on the lease in order for them to progress matters. We currently have around fivety four years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
  • Do you handle lease extensions on land? (a plot of land in Bispham with 82yrs remaining)

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