Boscombe Lease Extensions

Frequently asked questions relating to Boscombe Lease Extensions

I agreed with the landlord to a lease extension on our flat based in Boscombe, 19k for an additional 90yrs. How long will it take ?

I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leasehold owners want a lease extension and I'm curious about the procedure for this

I'm intending to make an offer on a house in Boscombe 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 Platform Home Loans Ltd giving us the mortgage now?

I am looking to purchase a studio flat in Boscombe with a lease of sixety eight years but unsure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.

I plan on buying a flat located in Boscombe. The offer is subject to the lease extension. The owner’s 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 The Mortgage Works. Moreover, which are the following lease extension steps to complete the purchase?

I am a FTB of a leasehold flat in Boscombe. The lease has just 76 years left and ground rent is £95. Is it possible for the seller to serve the Section 42 Notice and then assign this right to me as the buyer once I complete the buying process so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the homeowner? Unfortunately the landlord is absent, so I am not sure how this will play out.

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?

I'm living at mother and father but have a one bed flat in Boscombe let out which has a 64 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Boscombe for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?

We have been in discussion with our freeholder after having a valuation on our maisonette in Boscombe. We have a 64 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

I own the freehold of a three bedroom flat in Boscombe. The leaseholders have seventy nine years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?

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