Lease Extensions in Bodfari

Questions and Answers: Bodfari Lease Extensions

I’m just looking for a two bedroom second floor purpose built flat to buy in the Bodfari area and was wondering how much would it cost for a lease extension? It has seventy nine years unexpired...

I am looking at investing in a second home but it has a lease that expires in 14 years. Its in Bodfari - I wanted to see if with your services this could be extended?

I'm intending to make an offer on a house in Bodfari but I'm concerned 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 Barnsley Building Society giving us the mortgage now?

We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 899 years balance 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 guidance would be much appreciated.

I invested in buying a two bedroom second floor purpose built flat in Bodfari. The lease commenced in 1992 for 99 years. Now I am looking to extend the lease. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?

My neighbours and I are in a block containing three flats in Bodfari and have been offered to buy the freehold for £3,500 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 looking into the costs of carrying out a lease extension for my garden flat in Bodfari, and would like some figures on that.

I have a leasehold flat in Bodfari. I have built a huge extension and have not informed the freeholder. What are my options?

I will soon view a two bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 70 years residual lease term on the lease. It is also a repo so I'm assuming that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?

I am currently in the process of remortgaging my two bedroom ground floor purpose built maisonette in Bodfari and the bank that I am looking to switch to requires a minimum 85 years on the leasehold of my property in order for them to progress matters. I have found that I currently have around 54 years on the leasehold so require some help, guidance, and some quotes to get the wheels in motion for a lease extension

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