FAQs concerning Market Rasen Lease Extensions

  • My partner has an apartment located in Market Rasen which we are about to put on the market. The leasehold has nearon 54 years outstanding on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • I'm planning to make an offer on a house in Market Rasen 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 Barclays giving us the mortgage now?
  • I am about to put an offer in on a garden flat in Market Rasen with a lease of 77 years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I am the owner of a maisonnette together with the freehold. The owners of the upstairs flat have asked to extend the lease what do I need to do?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Market Rasen, and my lease will reach sixety four years this May. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • Last year I purchased a leasehold flat in Market Rasen. I have built a big extension and have not informed my leaseholder. What are my options?
  • I'm looking for a flat to buy in Market Rasen and I'm not really familiar with the leasehold tenure. I've identified a ground floor flat I like with a 82 years lease. I've read that I can apply for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with the mortgage?
  • Offer accepted on a a one bedroom second floor purpose built flat in Market Rasen, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as eighty years.Contracts were due to be exchanged within a week. My query is Have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • I'm living at parents but have a two bedroom first floor purpose built flat in Market Rasen let out which has a fivety six year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Market Rasen for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my three bedroom second floor purpose built flat in Market Rasen

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