Frequently asked questions relating to Saxilby Lease Extensions

  • My OH and I have just completed on a one bedroom first floor purpose built maisonette inSaxilby and I'm thinking about a lease extension as soon as practicable e.g. after 24 months of ownership
  • Hi, I just randomly found this site. I'm looking for prices on what it cost to extend a lease of a ground floor flat based in Saxilby. It's on sale at the moment but has nearly 71 years left on the lease
  • I'm intending to make an offer on a house in Saxilby 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 Nottingham Building Society giving us the mortgage now?
  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 899 years left so a lease extension is not required. 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 true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any information would be much appreciated.
  • We purchased a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Saxilby and are therefore considering the option of a vesting order. Is this something you can handle for us?
  • I will soon view a one 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 sixety nine years outstanding on the lease. It is also a repo so I'm guessing that the lender will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • I am concerned that my niece might be having the wool pulled over her eyes. She submitted an offer on a one bedroom apartment in Saxilby, where the lease is around 58 years but she was advised by the selling agents that the seller had extended it to 99 years. Only now has she been advised the homeowner was waiting for her to retain conveyancers prior to commencing with the lease extension. Seems odd to me, also it may take months to sort it all out. Am I reading too much into it?
  • I have a share of the freehold. There are five apartments in the building. All the leaseholders are now requiring lease extensions. Are you willing to assist us with this situation?
  • We have been in discussion with our freeholder after having a valuation on our 2 bed flat in Saxilby. We have a fivety five year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a property lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I am currently in the process of remortgaging my 2 bed flat in Saxilby and the bank that I am looking to switch to requires at least 85 years on the leasehold of my property in order for them to progress matters. We currently have around seventy one years on the leasehold so require some help, guidance, and some quotes to get the wheels in motion for a lease extension
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    Lease Extensions in Saxilby

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