Common questions relating to Bridgnorth Lease Extensions

  • My wife has an apartment based in Bridgnorth which we have just put on the market. The leasehold has roughly fivety eight years unexpired on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Thank you.
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 66 years outstanding.
  • I plan on buying a flat in Bridgnorth. The offer is conditional upon a lease extension. The current owner’s has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender National Westminster Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • I inherited a studio flat in Bridgnorth. I am looking to extend lease on the property. It is roughly eighty one years. I would just like to know what your charges are and how long the process takes.
  • My mortgage lender requires several hundred pounds for their to agree a lease extension for my flat in Bridgnorth... I am unable to find any mention of this in my mortgage contract... is this a standard cost that they charge?
  • I am the owner of a purpose-built apartment located in a large development in Bridgnorth. The leasehold interest in the flat on a ninety five year lease started on 30th January 1969 with a non-reviewable ground rent of £10 per annum. I wish to obtain a lease extension. Is it possible for me to talk with someone to discuss my options please?
  • I am hoping to extend the lease on my maisonette in Bridgnorth I am looking for help to verify the premium. I have a price from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy six years. I need a at my end. Can you advise please? I live near Bridgnorth and have a mortgage with Nationwide Building Society.
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Bridgnorth for a two bed flat - sec 42 is already in place?
  • Me and my OH are in the throws of buying a property (a one bedroom apartment based inBridgnorth with share of freehold). Throughout our search, we were always looking at flats that had at least 83 years residual lease term. We found a flat we liked and the selling agent assured that the lease term was not an issue. Yesterday our told us the lease only has 66 years and thus requires a lease extension. Do we walk away, or do we negotiate our offer?

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