Questions and Answers: Brading Lease Extensions

  • I have an interest in the freehold of buildings comprising of seven flats each. Two of the leaseholders want to extend their leases and I'm wondering about the procedure for this
  • I am looking at investing in a holiday home but it has a lease that expires in eighteen years. Its in Brading - I wanted to see if with your services this could be extended?
  • Hello. I need a to review my lease extension before it's formalised just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor changes.
  • I own a leasehold flat in Brading. I have built a large extension and have not informed my freeholder. What are my options?
  • I am thinking about acquiring an auction property and came upon a one bed flat in Brading. It only has a 49 year lease..the vendor being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this other than the expensive fee to extend the lease and decreased chance of getting a mortgage with TSB?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • I intend to buy a one bed flat in Brading for asking price of 145k, which has 76 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am the freeholder of a Georgian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 63 years. What are my next steps?
  • I am in need of some help with a lease extension. I live in Belfast but the flat in question is based in Brading. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm living with my mother and father but have a garden flat in Brading let out which has a sixety eight 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 Brading 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 13k. Should I keep or sell the flat?
  • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Brading