Northam Lease Extensions Example Support Desk Enquiries

  • I agreed with the landlord for a lease extension on our flat located in Northam, 17k for another 90yrs. How long is the process ?
  • My partner has an apartment in Northam which we are about to put on the market. The leasehold has nearon fivety seven years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Many thanks.
  • I'm intending to make an offer on a house in Northam 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 Nationwide Building Society giving us the mortgage now?
  • My co-lessees and I are in a block consisting of three flats in Northam and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • The terms for the lease on my apartment in Northam are 101 years from 10 Dec 1989. Please provide me a quote for a lease extension if I give you more details please?
  • I am the freeholder of a Edwardian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 60 years. What are my next steps?
  • I'm living at parents but have a ground floor flat in Northam let out which has a seventy 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 Northam 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. Should I keep or sell the flat?
  • If somebody owns a flat with a lease of less than 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 extending the lease?
  • We are concerned about obtaining a lease extension from a difficult landlord. Even though the correct procedures were followed under the 1993 Act, the freeholder still tried to charge ground rent of £300 increasing by 100% every 25 years of the new lease. Can you help?
  • I require an estimate to extend my mum’s lease on a two bedroom ground floor purpose built flat in Northam. She already has a figure from the freeholder for a lease extension but I am far from certain if it is too expensive.
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    Lease Extensions in Northam

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