Top Ten Questions relating to Poringland Lease Extensions

  • I have an interest in the freehold of buildings comprising of seven flats each. Two of the leasehold owners want to extend their leases and I'm curious about the the process
  • I'm wanting to make an offer on a house in Poringland 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 Birmingham Midshires giving us the mortgage now?
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 899 years outstanding so a lease extension is not a concern. 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 correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any feedback would be much appreciated.
  • I am looking into the costs of carrying out a lease extension for my maisonette in Poringland, and would like some figures on that.
  • My mortgage provider requires several hundred pounds for their to agree a lease extension for my flat in Poringland... I can find no mention of this in my mortgage guide... is this a usual fee to pay?
  • I am the freeholder of a Victorian property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety four years. What are my next steps?
  • Hi I am the freeholder title in a 2 bedroom flat in Poringland. The leaseholder has a fivety seven year lease and would like to purchase an additional 125 years. She is offering me £27,000 but I am not sure if this is in the right ballpark
  • I'm intent on acquiring a flat in Poringland at a price of £256,000 the flat has something like 73 years unexpired on the lease. I put in an offer conditional upon the lease being extended... .. that was back in August, hoping I'd be in by now. They have just informed me they'll reduce the price by£2k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • Are you able to provide an estimate to extend my mum’s lease on a ground floor flat in Poringland. She recently got a figure from the freeholder for a lease extension but I am unclear whether it is too expensive.
  • I'm looking for some advice with regard to a lease extension on my ground floor flat in Poringland. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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