Lease Extensions in Burnopfield

Sample questions relating to Burnopfield Lease Extensions

I am the registered owner of a flat in Burnopfield with a leasehold unexpired slightly less than 65 years and need to extend it. Please can you clarify the next stages

I am looking at investing in a second home but it has a lease that expires in 14 years. Its in Burnopfield - I wanted to see if with your services this could be extended?

I am looking to buy a ground floor flat in Burnopfield with a lease of fivety five years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.

The intention is to sell our two bedroom second floor purpose built maisonette in Burnopfield but we may need to extend the lease, or at least cover the costs of our buyers. Are you able to suggest a to handle this?

I'm considering purchasing a garden flat (leasehold) but the landlord has been missing for nearon 15yrs. My query is would it be less expensive to try to acquire the freehold or to get a lease extension and apply for right to manage?

I am looking to either purchase the freehold or a lease extension of my property in Burnopfield 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 free up equity. The adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease began in 1972 and since then the ground rent has increased from £15.00 per annum to £100 per year.

I am looking at bidding for an auction property and found a studio flat in Burnopfield. It only has a fifty-one year lease..the vendor being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and decreased chance of getting a mortgage with Skipton Building Society?

My son has a share of freehold, with two other leaseholders in a building in Burnopfield. House split into three apartments. He has a lease, which has around 63 yrs unexpired lease. 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?

Just been over 2 years that I have owned my one bedroom apartment in Burnopfield. I have seventy five years outstanding on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?

I own the freehold of a three bedroom flat in Burnopfield. The leaseholders have 68 years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Burnopfield