FAQs concerning Bosham Lease Extensions

  • I am looking at investing in a second home but it has a lease that expires in twenty years. Its in Bosham - I wanted to see if with your services this could be extended?
  • I own a studio flat in Bosham. The start date for the lease was in 1998 for 99 years. Now I am wanting for a lease extension. I am not entirely sure about further expenses, could you tell me please how much I should expect to spend on this?
  • I am about to view a one bedroom flat, although not exactly my perfect 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 73 years left on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • I am a first time buyer of a leasehold flat in Bosham. The lease has just 57 years remaining and ground rent is £75. Is it possible for the seller to serve the Section 42 Notice and then assign over the right to me as the purchaser once I complete the buying process so that I can avoid waiting for the two 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 seller? To add to the complexity it’s the case of an missing freeholder, so I am not sure how this will play out.
  • I am concerned that my niece is being hoodwinked. She put in an offer on a maisonette in Bosham, where the lease is nearly 67 years but she was told by the estate agents that the flat owner had extended it to 99 years. Only now has she been informed the current owner was waiting for her to retain conveyancers ahead of instigating the lease extension. Sounds unscrupulous, also it could take a while to sort it all out. What do you think?
  • My mortgage provider is requesting a £450 fee for their for a "deed of substituted security" for the lease extension for my flat in Bosham... I am unable to find any reference of this in my mortgage booklet... is this a normal charge?
  • I am a freeholder of a block of flats in Bosham, and the lessees are in the process of being issued lease extensions. I should hopefully get funds next week. As I am not on self assessment do I contact HMRC ?
  • I am considering buying an auction property and found a two bed flat in Bosham. It has just 49 year lease..the current owner being mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and decreased chance of getting a mortgage with Bank of Scotland?
  • I require an estimate to extend my mother’s lease on a studio flat in Bosham. She already has a price from the landlord for a lease extension but I am not sure it is reasonable.
  • I have a lease of 67 years remaining on my flat in Bosham. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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