Bridport Lease Extensions: Q and A’s

  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 64 years left.
  • I am the registered owner of a one bedroom apartment in Bridport. The lease commenced in 1992 for 99 years. Now I am looking for a lease extension. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?
  • I'm looking for an apartment to purchase in Bridport and I'm not really familiar with the leasehold arrangement. I've identified a studio flat I like with a 91 years lease. My research reveals that I can go for a lease extension after a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Nottingham Building Society?
  • I am in need of a lease extension for my flat in Bridport and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy five years. I need a conveyancing practitioners at my end. Can you advise please? I live near Bridport and have a mortgage with Clydesdale.
  • I am in need of some help with a lease extension. I live in Dublin but the flat in question is based in Bridport. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm living at mum and dad but have a studio flat in Bridport let out which has a sixety 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 Bridport 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 21k. Not sure sure whether to hold on or sell the flat?
  • Coming up to 2 years that I have owned my one bedroom apartment in Bridport. I have fivety eight yrs outstanding on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my lawyers 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 goes to the tribunal etc)?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in Bridport. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the rear garden.
  • I am the registered freeholder to two flats. Someone has the lease on the lower flat in Bridport. I reside in the upper flat. I was reviewing the title deeds recently when I noticed that my flat has a lease on it. There is 64 years left. Can one carry out a lease extension without retaining a lawyers?
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    Lease Extensions in Bridport

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