Sample questions relating to Idle Lease Extensions
I'm planning to make an offer on a house in Idle but I'm a little worried 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 Yorkshire Building Society giving us the mortgage now?
We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 928 years balance left so a lease extension is not required. 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 true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any information would be much appreciated.
I bought a one bedroom apartment based in Idle with a leasehold unexpired of 78 years. I am curious about how much it will cost me to extend my lease term
I'm considering purchasing a ground floor flat (leasehold) but the freeholder has been absent for just under 15yrs. I wonder whether it will be cheaper to try to buy the reversionary title or to extend lease and apply for right to manage?
I am about to view a one bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has seventy one years unexpired on the lease. It is also a repo so I'm assuming that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
I am a FTB of a leasehold flat in Idle. The lease has only 55 years left and ground rent is £75. Is it possible for the vendor to serve the Notice of Claim and then assign this right to me as the buyer on the day of completion so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the current owner? Unfortunately the landlord is absent, so I am not sure how does it work.
My dad has a share of freehold, with two other leaseholders in a building in Idle. House divided into three apartments. He has a lease, which has nearly sixety seven years unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
My husband and I would like to know the cost of a lease extension valuation for a property based in Idle. Would you be able to help?
Hi I am the freeholder interest in a one bedroom flat in Idle. The leaseholder has a fivety five year lease and would like to purchase another 90 years. She is offering me £18,000 but I am unsure if this is in the right ballpark
I'm looking at acquiring an apartment in Idle at a price of £256,000 the flat has just under 76 years unexpired on the lease. I put in an offer conditional upon a lease extension... .. that was back in November, hoping I'd have moved in by Christmas. They have just informed me they'll reduce the price by£8k if I deal with the lease extension myself. I'm unsure if I should take them up on the offer