Questions and Answers: Bubwith Lease Extensions

  • I am going to purchase a flat in Bubwith. My offer is conditional upon a lease extension. The homeowner’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 Barclays . Moreover, which are the following lease extension steps to complete the purchase?
  • I am looking to either purchase the freehold or a lease extension of my property in Bubwith and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with TSB to release of equity. The broker handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease began in 1972 and since then the ground rent has been raised from £38.00 per year to £125 per year.
  • I have a leasehold flat in Bubwith. I have built a large extension and have not informed the leaseholder. What should I do?
  • What will I need to spend and what is the best way to get a lease extension started? I have nearly 65 years remaining on my lease on a maisonette in Bubwith. I have called the managing agents who represent the landlord and they provided me with the number for the valuer. I telephone the valuer but I am not getting any returned calls.
  • I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Bubwith. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm looking at purchasing a flat in Bubwith at a price of £195,000 the flat has just under 59 years remaining on the lease. I put in an offer subject to a lease extension... .. that was back in June, hoping I'd be in by now. They have just come back saying that they are prepared to reduce the price by£7k if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • I own the freehold to two flats. Someone has the lease on the lower flat in Bubwith. I occupy in the upper flat. I was looking at the title deeds recently when I noticed that my flat has a lease on it. There is 62 years outstanding. Is it possible to do a lease extension without using a ?
  • My and my partner know that others in the same building previously had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?
  • We currently own a garden flat in Bubwith 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 eight years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Bubwith

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