Bridgnorth Lease Extensions: Q and A’s

  • My wife and I have just acquired a studio flat inBridgnorth and I'm thinking about a lease extension as soon as practicable e.g. in 24 months of ownership
  • I’m just looking for a garden flat to purchase in the Bridgnorth area and was wondering what the likely fees would be for a lease extension? It has sixety two years as a balance left...
  • I am looking to extend the lease on my 2 bed flat in Bridgnorth which will have 56 years left in June. What fees do you charge for this?
  • I have a lease of seventy two years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • We have a leasehold flat in Bridgnorth with 59 years to run. Ten months ago we were quoted a deal to receive a lease extension for another fifty years but also uplift the ground rent from notional to £300 per year..plus a premium I think of about 14k. We have now decided to proceed but do we now have to renegotiate?
  • I'm living at mother and father but have a studio flat in Bridgnorth let out which has a seventy six 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 Bridgnorth 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?
  • My fiance and I are in the throws of buying a flat (a maisonette inBridgnorth with share of freehold). Throughout our search, we were always looking at apartments that had a minimum 84 years balance left. We found a flat we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. Yesterday our conveyancers informed us the lease only has 75 years and thus needs a lease extension. Do we walk away, or do 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'm looking for some advice with regard to extending the lease on my flat. I'll be looking to do this next winter as we must 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 extend it now or wait until I sell my place and have it all tied in with the property sale?
  • I am currently in the process of remortgaging my studio flat in Bridgnorth and the bank that I am looking to move to requires at least 85 years remaining on the lease in order for them to progress matters. I have discovered that I currently have around 77 years on the leasehold so looking for some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • We currently own a maisonette in Bridgnorth and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
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    Lease Extensions in Bridgnorth

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