Broseley Lease Extensions

Broseley Lease Extensions: Q and A’s

I have shares in the freehold of buildings comprising of seven flats each. Two of the leasehold owners want a lease extension and I'm enquiring about the the process

I am considering investing in a second home but it has a lease that expires in fifteen years. Its in Broseley - I wanted to see if with your services this could be extended?

I'm planning to make an offer on a house in Broseley but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Virgin Money giving us the mortgage now?

I am the registered owner of a garden flat in Broseley. I am looking to extend lease on the property. It is nearing 80 years. I would just like to know what your charges are and how long it would take for completion.

We own a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Broseley and looking to do a vesting order. Is this something you can help us with?

I am thinking about whether to purchase the freehold or a lease extension of my property in Broseley and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with Virgin Money to free up equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease began in 1972 and since then the ground rent has been raised from £25.00 per year to £300 per annum.

My mortgage lender requires several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Broseley... I am unable to find any mention of this in my mortgage guide... is this a standard cost that they charge?

We have a GFF located in Broseley. There is 80 years unexpired on the lease and we want to extend the lease. What will it likely cost to extend in this location by, say,twenty years

We would like to know the cost of a lease extension valuation for a property based in Broseley. Is this something you can help us with?

We are in the throws of buying a flat (a one bedroom apartment based inBroseley with share of freehold). Throughout our search, we were always looking at properties that had at least eighty five years balance left. We identified a flat we fell in love with and the selling agent promised us that the lease term was not an issue. This morning our advised us the lease only has 68 years and therefore requires a lease extension. Do we walk away, or should we negotiate our offer?

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