Lease Extensions in Mitcheldean

FAQs concerning Mitcheldean Lease Extensions

My wife has a flat in Mitcheldean which we are about to put on the market. The leasehold has around seventy eight years balance left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Many thanks.

In 2012 I purchased a leasehold flat in Mitcheldean. I have built a huge extension and have not informed the leaseholder. What are my options?

I will soon view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 77 years remaining on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?

I am thinking about acquiring an auction property and identified a studio flat in Mitcheldean. It has just fifty-one year lease..the vendor being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this other than the expensive fee to put a new lease on it and reduced chance of obtaining a mortgage with Bank of Ireland?

We are considering purchasing a ground floor flat in Mitcheldean which is a leasehold. I am enquiring as to the pros and cons of that - what occurs when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from extending the lease?

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?

Hello I am the freeholder interest in a one bedroom flat in Mitcheldean. The leaseholder has a 67 year lease and would like to purchase another 90 years. She is offering me £18,000 but I am not sure if this is too low an offer

Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Mitcheldean for a two bed flat - sec 42 is already served?

I require an estimate to extend my mum’s lease on a one bedroom apartment in Mitcheldean. She recently got a price from the freeholder for a lease extension but I am unclear whether it is too high.

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