Lease Extensions in Selsey

Top Ten Questions relating to Selsey Lease Extensions

I invested in buying a maisonette in Selsey that I am finding difficult to sell as a result of the lease requiring a lease extension. How long will it take ?

I need to negotiate a lease extension for a flat in Selsey and want to use a local . Are you able to help me find a ?

We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 928 years outstanding so a lease extension is not a worry. 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 25 years without owning the property. Any suggestions would be much appreciated.

I inherited a studio flat in Selsey. The lease started in 1998 for 99 years. Now I am wanting for a lease extension. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?

I'm planning on buying a ground floor flat (leasehold) but the landlord has been absent for approximately 15yrs. My query is would it be less expensive to try to acquire the freehold or to get a lease extension and apply for right to manage?

I will soon view a two bedroom maisonette, although not exactly my dream 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 seventy one years left on the lease. It is also a repossession so I'm assuming that the bank 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 considering bidding for an auction property and came upon a two bed flat in Selsey. It only has a 49 year lease..the current owner being mortgagees in possession dont want to mess around with applying for a lease extension..what are the disadvantages of this except for the costly fee to extend the lease and decreased chance of getting a mortgage with Nationwide Building Society?

I have a share of the freehold. There are three apartments in the house. All the leaseholders are now looking for lease extensions. What's your legal fee?

I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety three years. I need a at my end. Can you advise please? I live near Selsey and have a mortgage with Nottingham Building Society.

My husband and I are in the throws of buying a flat (a three bed flat based inSelsey with share of freehold). During our search, we were always looking at flats that had a minimum 84 years left. We came across a flat we fell in love with and the selling agent assured that the lease term was not an issue. Today our advised us the lease only has 69 years and thus requires a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

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