Top Ten Questions relating to Burbage Lease Extensions

  • I'm planning to make an offer on a house in Burbage 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 Accord Mortgages Ltd giving us the mortgage now?
  • I invested in buying a garden flat in Burbage. The start date for the lease was in 2001 for 99 years. Now I am wanting to extend the lease. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • Is it possible to talk with you about a leasehold property in Burbage, I am thinking of bidding at auction next month. The flat has a short lease and I was wondering about how much it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to buy in Burbage and I'm not really familiar with the leasehold title. I've identified a place I like with a 87 years lease. I've read that I can get a lease extension having owned the property for 2 years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
  • My mortgage provider requires several hundred pounds for their to approve the lease extension deed for my flat in Burbage... I can find no mention of this in my mortgage literature... is this a normal fee to pay?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My dad has a share of freehold, with two other leaseholders in a building in Burbage. House split into three apartments. He has a lease, which has circa seventy seven yrs outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Burbage. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm intent on acquiring an apartment in Burbage at a price of £256,000 the flat has approximately 79 years remaining on the lease. My offer was conditional upon the lease being renewed... .. that was back in August, expecting I'd have moved in before Christmas. They have just informed the agent that they are prepared to reduce the price by£7k if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
  • We have a maisonette in Burbage with a lease of 75 years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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