FAQs concerning Mitcheldean Lease Extensions

  • So this is the scenario: I purchased a garden flat in Mitcheldean that I am finding difficult to sell as a result of the lease needing a lease extension. Are you able to help me with this situation ?
  • Hello, I just randomly found this website. I'm seeking prices on what it cost to extend a lease of a two bedroom second floor purpose built flat located in Mitcheldean. It's on sale at the moment but has around seventy four years remaining on the lease
  • I acquired a property in Mitcheldean and it has about 61 years balance left. I'd like to extend the lease period
  • I own a leasehold flat in the Mitcheldean area and was enquiring whether I could obtain a lease extension. What are your processes and charges. Has sixety three years left
  • I am the owner of a maisonnette together with the freehold title. The owners of the downstairs flat have asked for a lease extension what do I need to do?
  • I am the owner of a purpose-built apartment based in a large block in Mitcheldean. The leasehold interest in the flat on a 99 year lease started on 11th October 1969 with a fixed ground rent of £25 per annum. I wish to obtain a lease extension. Is it possible for me to talk with someone to go through my options please?
  • Just been over 2 years that I have owned my studio flat in Mitcheldean. I have 58 yrs remaining on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • I do not need a lease extension but I do require a vesting order on a property I want to acquire in Mitcheldean. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the garden area.
  • I'm looking at acquiring a flat in Mitcheldean valued at £210,000 the flat has approaching seventy seven years remaining on the lease. I put in an offer subject to a lease extension... .. that was back in August, hoping I'd be in by Christmas. The seller has just informed me they are willing to reduce the price by£8k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • I know that others in the same block previously had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?
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    Lease Extensions in Mitcheldean

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