Highbridge Lease Extensions: Q and A’s

  • So this is the scenario: I purchased a studio flat in Highbridge that I am finding difficult to sell as a result of the lease needing a lease extension. What's your solicitors fee ?
  • Hello, I stumbled across your website. I'm seeking prices on what a lease extension will cost for a one bedroom apartment based in Highbridge. It's up for sale at the moment but has circa fivety six years remaining on the lease
  • I have got a leasehold flat in the Highbridge area and was wondering if I could get a lease extension. What are your processes and charges. Has 69 years residual lease term
  • We invested in buying a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Highbridge and are therefore considering the option of a vesting order. Is this something you can help us with?
  • I am about to view a one bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has sixety eight years left on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • I am a FTB of a leasehold flat in Highbridge. The lease has just 62 years unexpired and ground rent is £25. Is it possible for the vendor to serve the Section 42 Notice and then transfer over the right to me as the purchaser on the day of completion so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the flat owner? To add to the complexity the freeholder is absent, so I am not sure how this will play out.
  • My dad has a share of freehold, with two other leaseholders in a building in Highbridge. House converted into three apartments. He has a lease, which has slightly more than 74 years outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • I'm living at parents but have a three bed flat in Highbridge let out which has a fivety five 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 Highbridge 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 aware that others in the same building had already had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you recommend such a course of action?
  • We currently own a one bedroom first floor purpose built maisonette in Highbridge 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 seventy four years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

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