I’m just looking for a maisonette to buy in the Cleobury Mortimer area and was wondering what the likely fees would be to extend a lease? It has seventy two years unexpired...
We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 928 years remaining 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information would be much appreciated.
I will soon view a two bedroom apartment, 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 67 years outstanding on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
I would like to know the likely expense and the best way to get a lease extension started? I have slightly less than sixety one years unexpired lease and I own a two bedroom first floor purpose built flat in Cleobury Mortimer.
If somebody owns a flat with a lease of less than 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 extending the lease?
We are buying a garden flat in Cleobury Mortimer which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of extending the lease. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our lawyers to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our conveyancers it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we must hold on until the new lease is registered?
I'm looking for some help with regard to extending the lease on my maisonette. The intention is to do this next June as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
My wife and I are aware that others in the same block previously had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?
We currently own a maisonette in Cleobury Mortimer 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 67 years left. Not sure what to do, have read some bits on the web saying it will be 20k 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?
I'm looking for some advice with regard to a lease extension on my 2 bed flat in Cleobury Mortimer. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good conveyancers who specialises in lease extensions?