Common questions relating to Lee On The Solent Lease Extensions

  • I'm intending to make an offer on a house in Lee On The Solent 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 Nottingham Building Society giving us the mortgage now?
  • Think I may have made an error, I am searching for a in Lee On The Solent who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to assist me with?
  • I bought a ground floor flat in Lee On The Solent. I am looking to extend lease on the property. It is about eighty years. I would just like to know what your charges are and how long the process takes.
  • I'm looking for an apartment to purchase in Lee On The Solent and I'm not really familiar with the leasehold tenure. I've identified a place I like with a 87 years lease. My research reveals that I can apply for a lease extension after a couple of years, but:- Should I be looking at some conditions that would prevent me for getting a lease extension?
  • I am concerned that my daughter is being hoodwinked. She submitted an offer on a one bedroom apartment in Lee On The Solent, where the lease is circa 69 years but she was told by the selling agents that the vendor had extended it to 125 years. Only now has she been told the vendor was waiting for her to retain lawyers ahead of instigating the lease extension. Sounds odd to me, also it will take a while to sort it all out. Am I reading too much into it?
  • My partner and I have a residential flat in Lee On The Solent with 75 years remaining. Last year we were quoted a deal to receive a lease extension for another fifty years but also increase ground rent from nominal to a little more..plus a premium I think of approximately 10k. We have now decided to proceed but do we now have to start the negotiations again?
  • We would like to extend our lease. We will have been in the apartment for 2 years as of 6th April 2015. It has nearly 67 years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.
  • We had entered into buying a ground floor flat in Lee On The Solent. I was told that the lease had been lengthened (seventy nine years outstanding prior to extension). The description on the listing said "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The owner supposedly has a quote but no funds to extend and consequently the seller intends to exchange and use the 10% deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that Bank of Ireland won't lend on a lease?
  • I am currently negotiating a lease extension for my flat in Lee On The Solent as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • I'm looking for some advice with regard to a lease extension on my maisonette in Lee On The Solent. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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