Ludlow Lease Extensions

Common questions relating to Ludlow Lease Extensions

I'm intending to make an offer on a house in Ludlow 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 Yorkshire Building Society giving us the mortgage now?

We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 899 years outstanding 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any suggestions would be much appreciated.

I bought a studio flat in Ludlow. The start date for the lease was in 1998 for 99 years. Now I am wanting to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?

Possibly made a mistake, I am actually looking for a in Ludlow who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can help me with?

I inherited a ground floor flat in Ludlow. I am looking to extend lease on the property. It is around eighty years. I would just like to know what your charges are and how long it would take for completion.

Re a residence in Ludlow. upper maisonette. 66 yrs remaining. I have an agreed lease extension to £20k for 115yrs. Freeholder also requested Section 42 Notice which I think should not be required. Can you assist.

Offer accepted on a a studio flat in Ludlow, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as eighty years.We are soon to exchange contracts in a couple of days. My query is why has this only just been brought to my attention by my ?

We are concerned about getting a lease extension from tricky freeholder. Even though the correct procedures were adhered to under the appropriate legislation, the landlord still tried to get ground rent of £200 doubling every twenty five years of the new lease. Can you assist?

We know that others in the same building had already had a lease extension, and the landlord was reasonable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?

Do you handle lease extensions on land? (a plot of land in Ludlow with 82yrs remaining)

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