Codsall Lease Extensions

Sample questions relating to Codsall Lease Extensions

My OH and I have just acquired a maisonette based inCodsall and I'm deliberating a lease extension as soon as possible e.g. after 24 months of ownership

I'm intending to make an offer on a house in Codsall 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 TSB giving us the mortgage now?

We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 899 years left 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 true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any help would be much appreciated.

I bought a three bedroom second floor purpose built maisonette located in Codsall with a leasehold unexpired of 68 years. I am enquiring about what I will need to spend to extend my lease

I am looking to either purchase the freehold or a lease extension of my property in Codsall and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with HSBC Bank to release of equity. My adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease began in 1991 and since then the ground rent has been raised from £25.00 per annum to £200 per year.

I am about to view a two bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has fivety five years remaining on the lease. It is also a repo so I'm assuming that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?

We are considering buying a garden flat in Codsall which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from having a lease extension?

I am the freeholder of a Edwardian property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 61 years. What are my next steps?

If a leaseholder 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?

I am the freeholder of a property in Codsall where the leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £9,000, but has upped this to £10,000 without too much effort. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?

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