Top Ten Questions relating to Ruskington Lease Extensions

  • Hello, I stumbled across this website. I'm seeking prices on what a lease extension will cost for a ground floor flat located in Ruskington. It's on sale at the moment but has roughly seventy nine years left on the lease
  • I'm wanting to make an offer on a house in Ruskington but I'm concerned 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 Godiva Mortgages Ltd giving us the mortgage now?
  • I am going to purchase a flat in Ruskington. The offer is conditional upon a lease extension. The current owner’s property lawyers has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I acquired a one bedroom apartment in Ruskington. I am looking for a lease extension on the property. It is around 80 years. I would just like to know what your charges are and how long it would take for completion.
  • I am looking to either purchase the freehold or a lease extension of my property in Ruskington and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously refinance with Santander to release of equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease commenced in 1972 and since then the ground rent has been raised from £38.00 per annum to £125 per year.
  • I am about to view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 69 years balance left on the lease. It is also a repossession so I'm guessing that the lender will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • Offer accepted on a a garden flat in Ruskington, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as eighty years.Contracts were due to be exchanged in a couple of days. My question is Have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • I am the freeholder of a Edwardian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 76 years. What are my next steps?
  • I am currently in the process of remortgaging my three bed flat in Ruskington and the bank that I am looking to move to requires at least 80 years on the leasehold of my property in order for them to progress matters. I have discovered that I currently have around seventy eight years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
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    Lease Extensions in Ruskington

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