Brandesburton Lease Extensions

Brandesburton Lease Extensions Example Support Desk Enquiries

This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?

I'm thinking of purchasing a ground floor flat (leasehold) but the freeholder has been missing for circa 15yrs. I wonder whether it will be less expensive to try to purchase the reversionary title or to get a lease extension and apply for RTM?

I am looking to either purchase the freehold or a lease extension of my property in Brandesburton and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Nottingham Building Society to free up equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease commenced in 1991 and since then the ground rent has been raised from £38.00 per annum to £100 per year.

I own a leasehold flat in Brandesburton. I have built a large extension and have not informed my leaseholder. What are my options?

I am a first time buyer of a leasehold flat in Brandesburton. The lease has only seventy five years remaining and ground rent is £75. Is it possible for the current owner to serve the Initial Notice and then transfer this right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 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 achievable but will it be very time costly to the seller? Unfortunately it’s the case of an missing landlord, so I am not sure how does it work.

I am a landlord of a block of flats in Brandesburton, and the tenants are in the process of being granted lease extensions. I should hopefully get the money within a month or so. How does the tax work, the property is in joint names with my partner ?

I am looking at acquiring an auction property and found a studio flat in Brandesburton. It only has a 50 year lease..the seller as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this other than the costly fee to extend the lease and reduced chance of obtaining a mortgage with HSBC Bank?

Coming up to two years that I have been in my garden flat in Brandesburton. I have seventy five yrs left on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?

I am currently in the process of remortgaging my three bedroom ground floor purpose built maisonette in Brandesburton and the mortgage company that I am looking to move to requires at least 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around seventy nine years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process

I'm looking for some advice with regard to a lease extension on my studio flat in Brandesburton. 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?

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