Examples of recent questions relating to Lease Extensions in Fareham

  • I'm about to make an offer on a house in Fareham 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 Barclays giving us the mortgage now?
  • I am about to put an offer in on a one bedroom second floor purpose built maisonette in Fareham with a lease of 71 years but have no idea how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I am looking into the costs of carrying out a lease extension for my garden flat in Fareham, and would like some figures on that.
  • Offer accepted on a a two bedroom ground floor purpose built maisonette in Fareham, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as 85 years.We are soon to exchange contracts within a week. My query is Is it not odd that my lawyers didn't spot this far earlier than just before exchange?
  • I am looking to buy a one bed flat in Fareham for asking price of 156k, which has sixety five years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I would like some advice on purchasing a leasehold residence. We hope to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Fareham area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • My dad has a share of freehold, with two other leaseholders in a building in Fareham. House split into three flats. He has a lease, which has just under 66 years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • Just been over two years that I have been in my garden flat in Fareham. I have 70 yrs left on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners 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?
  • Just a quick question, how much is the premium payable for a lease extension on a residential property in Fareham for a one bed flat - section 42 having been issued?
  • Do you handle lease extensions on land? (a plot of land in Fareham with 82yrs remaining)
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    Lease Extensions in Fareham

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