Common questions relating to Blackpool Lease Extensions

  • I need to extend my existing lease can you assist? I think it has fivety eight years outstanding
  • I'm about to make an offer on a house in Blackpool 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 HSBC Bank giving us the mortgage now?
  • 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 residual lease term 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information would be much appreciated.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Blackpool, and my lease will reach seventy years this March. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • My wife and I have a residential flat in Blackpool with 66 years to run. Last year we were quoted a deal to grant a lease extension for a further 25 years but also uplift the ground rent from nominal to £200 per annum..plus a premium I think of approximately 14k. We have now decided to move forward but do we now have to start the negotiations again?
  • I am the freeholder of a Edwardian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy six years. What are my next steps?
  • Just been over 2 years that I have owned my garden flat in Blackpool. I have seventy four yrs remaining on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 425k. 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: In terms of surveyors - how do I go about finding one?
  • I own the freehold of a one bedroom flat in Blackpool. The leaseholders have 63 years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
  • We are hoping to purchase a home (a garden flat based inBlackpool with share of freehold). During our search, we were always looking at flats that had at least eighty five years balance left. We found a apartment we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. This morning our advised us the lease only has 76 years and thus needs a lease extension. Should we run away, or do we negotiate our offer?
  • I am planning on refinancing my two bedroom ground floor purpose built maisonette in Blackpool and the bank that I am looking to move to needs at least 80 years on the leasehold of my property in order for them to progress matters. I have found that I currently have around 60 years on the leasehold so require some help, guidance, and some quotes to start the lease extension process

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