FAQs concerning Bourton on the Water Lease Extensions

  • I'm wanting to make an offer on a house in Bourton on the Water 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 Clydesdale 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 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 correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any advice would be much appreciated.
  • I am looking to purchase a maisonette in Bourton on the Water with a lease of sixety years but unsure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I invested in buying a ground floor flat in Bourton on the Water. The start date for the lease was in 1998 for 99 years. Now I am looking for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
  • The intention is to sell our one bedroom apartment in Bourton on the Water but we may need to extend the lease, or at least cover the costs of our purchaser. Can you recommend someone to handle this?
  • I am a landlord of a block of flats in Bourton on the Water, and the tenants are in the process of being given lease extensions. I anticipate receiving funds within a month or so. As I am not on self assessment do I contact the Inland Revenue ?
  • Me and my partner would like to know the cost of a lease extension valuation for a property based in Bourton on the Water. Would you be able to help?
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • Just a quick question, how much are the legal fees for a lease extension on a residential property in Bourton on the Water for a one bed flat - sec 42 having been issued?
  • I'm seeking some help with regard to a lease extension on my apartment. The plan is to do this in six months time as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?

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