Common questions relating to Bude Lease Extensions
My name´s Alfie. I’m property hunting in Bude I'm seeing a studio flat online, with about 65 years left, how much does it cost on average to get a lease extension by, say, thirty years?
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 928 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 feedback would be much appreciated.
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
The intention is to sell our studio flat in Bude but we may require a lease extension, or possibly cover the expense of our purchaser. Can you suggest a property lawyers to assist?
The terms for the lease on my apartment in Bude are 101 years from 15 Feb 1980. Please provide me a quote to extend the lease if I give you more information please?
I need to talk to you about a leasehold property in Bude, I am considering bidding at auction next month. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.
I am about to view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has fivety five years remaining on the lease. It is also a repossession so I'm guessing that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
I own a share of the freehold. There are five apartments in the building. All the leaseholders are now looking for lease extensions. Are you able to assist us with this situation?
Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Bude for a three bed flat - sec 42 having been issued?
My and my husband know that others in the same building had already had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?