Didsbury Lease Extensions

Recently asked questions relating to Didsbury Lease Extensions

I'm about to make an offer on a house in Didsbury but I'm concerned 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 Birmingham Midshires giving us the mortgage now?

I am looking to either purchase the freehold or a lease extension of my property in Didsbury 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 National Westminster Bank to release of equity. My adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease commenced in 1991 and since then the ground rent has increased from £25.00 per annum to £200 per annum.

I am considering purchasing an auction property and came upon a studio flat in Didsbury. It only has a 41 year lease..the vendor being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and decreased chance of obtaining a mortgage with Britannia?

I have a share of the freehold. There are four flats in the block. All the leaseholders are now seeking lease extensions. How long will take to get a lease extension?

Me and my wife are considering buying a one bedroom second floor purpose built flat in Didsbury 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 property evict me from my own flat and block me from having a lease extension?

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?

I an interested in finding out more about leasehold property buying. We hope to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Didsbury area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?

I'm living with my mother and father but have a one bed flat in Didsbury let out which has a fivety four year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Didsbury for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?

My wife and I are acquiring a three bed flat in Didsbury which has share of freehold and a leasehold. The lease was on the short side so the owner is in the process of extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our 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 it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we have to be patient until the new lease is registered?

We are in the throws of buying a home (a studio flat located inDidsbury with share of freehold). Throughout our search, we were always looking at flats that had a minimum eighty five years balance left. We identified a apartment we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. Yesterday our advised us the lease only has sixety six years and therefore needs a lease extension. Should we run away, or do we reduce our offer?

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