FAQs concerning Fulwood Lease Extensions

  • I am looking at investing in a second home but it has a lease that expires in 14 years. Its in Fulwood - I wanted to see if with your services it is possible for this to be extended?
  • I need to negotiate a lease extension for a flat in Fulwood and want to use a local property lawyers. Is there a conveyancing practitioners that you can recommend?
  • I am going to purchase a flat in Fulwood. The offer is conditional upon a lease extension. The current owner’s property lawyers has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Platform Home Loans Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • I'm looking for a flat to buy in Fulwood and I'm not really familiar with the leasehold title. I've found a ground floor flat I like with a 91 years lease. My research reveals that I can get a lease extension after a couple of years, but:- Should I anticipate any issue with the mortgage?
  • I am considering acquiring an auction property and found a studio flat in Fulwood. It has just fifty-one year lease..the current owner as mortgagees in possession will not want to mess around with negotiating a lease extension..what are the disadvantages of this other than the costly fee to extend the lease and decreased chance of obtaining a mortgage with Birmingham Midshires?
  • I would like some guidance on purchasing a leasehold residence. We are going to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Fulwood area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety seven years. I need a solicitors at my end. Can you advise please? I live near Fulwood and have a mortgage with Santander.
  • I'm living with my mum and dad but have a garden flat in Fulwood let out which has a 75 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 Fulwood 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 13k. Should I keep or sell the flat?
  • Me and my wife are in the throws of buying a flat (a studio flat inFulwood with share of freehold). During our search, we were always looking at flats that had at least 83 years outstanding. We identified a apartment we liked and the estate agent assured that the lease was long albeit not specifying a number. This morning our solicitors informed us the lease only has seventy one years and therefore needs a lease extension. Do we walk away, or should we reduce our offer?
  • We currently own a maisonette in Fulwood 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 sixety eight years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?
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    Lease Extensions in Fulwood

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