Bowness On Windermere Lease Extensions: Q and A’s

  • I have a lease of seventy one years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • The intention is to sell our garden flat in Bowness On Windermere but we may need to extend the lease, or at least cover the expense of our purchaser. Are you able to help me find someone to handle this?
  • I'm looking for an apartment to buy in Bowness On Windermere and I'm not really familiar with the leasehold arrangement. I've identified a studio flat I like with a 87 years lease. My research reveals that I can get a lease extension after a couple of years, but:- Should I anticipate any issue with the mortgage?
  • I am a FTB of a leasehold flat in Bowness On Windermere. The lease has just 68 years residual lease term and ground rent is £25. Is it possible for the homeowner to serve the Notice of Claim and then transfer this right to me as the buyer on the day of completion so that I don't have to wait 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 costly to the current owner? To add to the complexity it’s the case of an missing landlord, so I am not sure how does it work.
  • I am in need of a lease extension for my flat in Bowness On Windermere and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I would like some guidance on leasehold property buying. We are going to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Bowness On Windermere area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Bowness On Windermere. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I am the freeholder of a property in Bowness On Windermere and a leaseholder would like a lease extension. Her valuer has given a figure of £9,000, but has upped this by £2,000 at the drop of a hat. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what costs would I be likely to incur?
  • My brother is worried about getting a lease extension from an objectionable freeholder. Regardless of the fact that the correct procedures were adhered to under the 1993 Act, the landlord still tried to charge ground rent of £300 doubling every twenty years of the new term. Can you help?
  • I'm looking for some advice with regard to a lease extension on my ground floor flat in Bowness On Windermere. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Should I look to extend it 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 Bowness On Windermere