FAQs concerning Hotwells Lease Extensions

  • We have just acquired a 2 bed apartment located inHotwells and I'm thinking about a lease extension as soon as I can e.g. in a couple of years
  • I need to extend my current lease can you assist? I think it has 63 years balance left
  • I'm wanting to make an offer on a house in Hotwells but I'm concerned 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 Aldermore giving us the mortgage now?
  • We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 798 years left so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any suggestions would be much appreciated.
  • We are in a block of five flats in Hotwells and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am looking into the costs of carrying out a lease extension for my garden flat in Hotwells, and would like some figures on that.
  • We bought a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Hotwells and looking to do a vesting order. Is this something you can handle for us?
  • I have my suspicions that my niece is being hoodwinked. She put in an offer on a three bed flat in Hotwells, where the lease is around 74 years but she was informed by the selling agents that the homeowner had extended it to 125 years. She has now been told the vendor was holding off for her to appoint lawyers before commencing with the lease extension. Seems odd to me, also it may take a while to sort it all out. What do you think?
  • I am looking to buy a one bed flat in Hotwells for asking price of 145k, which has fivety eight 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 landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • Hello I own the freehold title in a 3 bedroom flat in Hotwells. The leaseholder has a seventy four year lease and would like to purchase an additional 125 years. He is offering me £21,000 but I am unsure if this is in the right ballpark
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    Lease Extensions in Hotwells

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