Lease Extensions in Fairwater

Questions and Answers: Fairwater Lease Extensions

I’m about to offer on a a property to buy in the Fairwater area and was curious what the likely fees would be for a lease extension? It has seventy eight years outstanding...

I'm planning on purchasing a one bedroom apartment (leasehold) but the landlord has been absent for around 15yrs. I wonder whether it will be cheaper to try to buy the freehold or to extend lease and apply for right to manage?

I invested in buying a garden flat in Fairwater. I am looking to extend lease on the property. It is roughly eighty one years. I would just like to know what your charges are and how long it would take for completion.

We bought a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Fairwater and are therefore considering the option of a vesting order. Is this something you can do for us?

I am thinking about whether to purchase the freehold or a lease extension of my property in Fairwater and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with The Mortgage Works to release of equity. The adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease started in 1991 and since then the ground rent has been raised from £15.00 per annum to £125 per year.

I will soon view a one bedroom maisonette, although not exactly my ideal 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 seventy nine years left on the lease. It is also a repossession so I'm guessing that the bank will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?

My mortgage lender requires several hundred pounds for their to agree a lease extension for my flat in Fairwater... I can find no mention of this in my mortgage literature... is this a standard charge?

My husband and I have a first floor flat in Fairwater with 75 years left. Ten months ago we were quoted a deal to have a lease extension for a further fifty years but also uplift the ground rent from notional to £200 per annum..plus a premium I think of approximately 16k. Finally we have decided to proceed but do we now have to start the negotiations again?

I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Fairwater. I would be grateful if you can give me a call when you get a chance to discuss the case.

I am currently in the process of refinancing my one bedroom apartment in Fairwater and the new lender that I am looking to move to requires a minimum 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around seventy three years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process

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