Bottesford Lease Extensions

Bottesford Lease Extensions: Q and A’s

I'm wanting to make an offer on a house in Bottesford 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 Accord Mortgages Ltd giving us the mortgage now?

I am looking to purchase a one bedroom second floor purpose built flat in Bottesford with a lease of seventy eight years but not sure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.

I am going to purchase a flat based in Bottesford. The offer is conditional upon a lease extension. The vendor’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 Nationwide Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I am concerned that my niece might be having the wool pulled over her eyes. She submitted an offer on a one bedroom apartment in Bottesford, where the lease is just under seventy one years but she was informed by the selling agents that the owner had extended it to 125 years. Only now has she been informed the owner was waiting for her to retain solicitors ahead of instigating the lease extension. Seems devious, also it may take a while to sort it all out. Am I being too sceptical?

My wife and I have a first floor flat in Bottesford with seventy two years remaining. Last year we were quoted a deal to receive a lease extension for another thirty years but also uplift the ground rent from nominal to a little more..plus a premium I think of approximately 16k. We have now decided to move forward but do we now have to renegotiate?

I own a share of the freehold. There are five flats in the building. All the leaseholders are now looking for lease extensions. How long will take to get a lease extension?

I am the freeholder of a 1930’s property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 59 years. What are my next steps?

My fiance and I would like to know the cost of a lease extension valuation for a property based in Bottesford. Would you be able to help?

My OH and I are in the throws of buying a home (a ground floor flat based inBottesford with share of freehold). Throughout our search, we were always looking at apartments that had at least 84 years residual lease term. We identified a apartment we liked and the selling agent assured that the lease was long albeit not specifying a number. Today our told us the lease only has 54 years and thus requires a lease extension. Do we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

I am concerned about obtaining a lease extension from a difficult freeholder. Regardless of the fact that the legal procedures were adhered to under the appropriate legislation, the freeholder still tried to charge ground rent of £200 increasing by 100% every twenty years of the new term. Can you help?

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