FAQs concerning Hotwells Lease Extensions

  • I inherited a flat in Hotwells with a leasehold unexpired slightly less than 58 years and need to extend it. Please can you advise me of the next stages
  • I have got a leasehold flat in the Hotwells area and was enquiring if I could get a lease extension. What are your processes and charges. There are fivety eight years remaining
  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has fivety seven years residual lease term.
  • I own a maisonnette together with the freehold of both flats. The owners of the downstairs flat have asked to extend the lease what do I need to do?
  • I have my suspicions that my niece is being hoodwinked. She submitted an offer on a garden flat in Hotwells, where the lease is nearon 60 years but she was told by the selling agents that the owner had extended it to 99 years. Only now has she been informed the flat owner was waiting for her to appoint lawyers before commencing with the lease extension. Seems devious, also it may take months to sort it all out. Am I being too sceptical?
  • I am thinking about purchasing an auction property and came upon a studio flat in Hotwells. It has just 41 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 put a new lease on it and decreased chance of obtaining a mortgage with Yorkshire Building Society?
  • Me and my fiance are considering purchasing a one bedroom first floor purpose built maisonette in Hotwells which is a leasehold. I am enquiring as to the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
  • I'm looking at acquiring an apartment in Hotwells valued at £210,000 the flat has something like sixety one years left on the lease. I put in an offer conditional upon the lease being extended... .. that was back in September, expecting I'd be in before Christmas. The seller has just come back saying they are willing to reduce the price by£7k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in Hotwells
  • I have a lease of 73 years remaining on my flat in Hotwells. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Hotwells