Recently asked questions relating to Broseley Lease Extensions

  • 40k agreed with the freeholder, just trying to find a Broseley for a lease extension. Our lease has circa 61 yearsunexpired lease. Can you please help us with this situation ?
  • I need to extend my current lease can you help me with that? I think it has seventy one years balance left
  • I'm wanting 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 Yorkshire Building Society giving us the mortgage now?
  • Hello. I need someone to have a look at my lease extension before it's formalised just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor variations.
  • I bought a one bedroom apartment in Broseley. The start date for the lease was in 2001 for 99 years. Now I am looking for a lease extension. I am not entirely sure about further expenses, could you tell me please how much I should expect to spend on this?
  • I am about to view a two bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 74 years residual lease term on the lease. It is also a repo so I'm assuming that the lender will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • I am concerned that my niece is being hoodwinked. She put in an offer on a maisonette in Broseley, where the lease is nearly 55 years but she was informed by the estate agents that the seller had extended it to 99 years. She has now been informed the flat owner was holding off for her to retain solicitors ahead of instigating the lease extension. Sounds odd to me, also it could take months to sort it all out. What do you think?
  • I own a share of the freehold. There are three flats in the house. All the leaseholders are now seeking lease extensions. What are the timescales to grant a lease extension?
  • I'm looking at buying a flat in Broseley at a price of £256,000 the flat has approaching 59 years unexpired on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in November, expecting I'd have completed by Christmas. The owner has just come back saying they are willing to reduce the price by£8k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • Me and my wife are in the throws of buying a flat (a one bedroom first floor purpose built maisonette based inBroseley with share of freehold). Throughout our search, we were always looking at apartments that had a minimum ninety years residual lease term. We found a place we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. Today our told us the lease only has sixety five years and thus needs a lease extension. Do we run away, or should 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?

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