Top Ten Questions relating to Bulkington Lease Extensions

  • We agreed with the head landlord for a lease extension on our flat located in Bulkington, 14.5k for an extension by 90yrs. How long will it take ?
  • My partner has an apartment based in Bulkington which we have just put on the market. The leasehold has slightly more than 58 years left on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Many thanks.
  • We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 798 years residual lease term so a lease extension is not a concern. 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 twenty years without owning the property. Any feedback would be much appreciated.
  • I bought a one bedroom apartment in Bulkington. I am looking to extend lease on the property. It is approaching eighty years. I would just like to know what your charges are and how long the process takes.
  • We bought a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Bulkington and looking to do a vesting order. Is this something you can help us with?
  • I am concerned that my niece is being hoodwinked. She put in an offer on a garden flat in Bulkington, where the lease is around 63 years but she was informed by the selling agents that the seller had extended it to 99 years. She has now been informed the homeowner was holding off for her to instruct solicitors prior to commencing with the lease extension. Sounds underhand, also it could take time to sort it all out. What do you think?
  • Coming up to 2 years that I have owned my one bedroom apartment in Bulkington. I have fivety nine yrs left on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Bulkington based conveyancing practitioners or any will do fine?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • I have a freehold of a 2 bedroom flat in Bulkington. The leaseholders have sixety one years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • We currently own a one bed flat in Bulkington 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 63 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. Do you have some advice on this? Should I contact the landlord first and will they be able to give me a cost?
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    Lease Extensions in Bulkington

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