Questions and Answers: Hotwells Lease Extensions

  • I need to negotiate a lease extension for a flat in Hotwells and want to use a local . Are you able to help me find a ?
  • I invested in buying a garden flat in Hotwells with a leasehold unexpired of seventy one years. I am wondering about what I will need to spend to extend my lease term
  • I am looking to buy a garden flat in Hotwells with a lease of fivety four years but have no idea what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • We wish to extend our lease having owned the flat for two years as of 13th Jan 2016. It has nearly seventy nine years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • We had entered into buying a one bedroom apartment in Hotwells. I was advised by the EA that the lease extension had already been completed while on a viewing (65 years outstanding prior to extension). The description on the listing stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The homeowner apparently has a quote but no finances to extend and consequently the seller intends to exchange and use the deposit monies to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • Just a quick question, how much does it cost for a lease extension on a residential property in Hotwells for a three bed flat - sec 42 having been issued?
  • Are you able to provide an estimate to extend my mum’s lease on a one bedroom apartment in Hotwells. She already has a price from the freeholder for a lease extension but I am not sure it is too expensive.
  • I am currently in the process of remortgaging my maisonette in Hotwells and the next lender that I am looking to move to requires a minimum 85 years remaining on the lease in order for them to take the mortgage forward. We currently have around 72 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
  • We currently own a one bed flat in Hotwells 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 73 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. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

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