Recently asked questions relating to Bucknall Lease Extensions

  • My partner has an apartment in Bucknall which we have just put on the market. The leasehold has about 76 years left 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'm intending to make an offer on a house in Bucknall but I'm concerned 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 The Mortgage Works giving us the mortgage now?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 798 years unexpired so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any advice would be much appreciated.
  • The terms for the lease on my apartment in Bucknall are 101 years from 15 Sep 1988. Please supply me me a quote for a lease extension if I give you more specifics please?
  • I am in need of a lease extension for my flat in Bucknall and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I would like some guidance on leasehold property buying. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Bucknall area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • I am in need of some help with a lease extension. I live in Belfast but the flat in question is based in Bucknall. 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 one bedroom apartment in Bucknall let out which has a sixety eight 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 Bucknall 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 19k. Should I keep or sell the flat?
  • Me and my sister have been in discussion with our freeholder after having a valuation on our one bed flat in Bucknall. We have a fivety five year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a lawyers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • We currently own a one bedroom apartment in Bucknall 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 seventy nine years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
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    Lease Extensions in Bucknall

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