Shirehampton Lease Extensions

Common questions relating to Shirehampton Lease Extensions

I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leaseholders want to extend their leases and I'm enquiring about the procedure for this

I am going to purchase a flat based in Shirehampton. The offer is conditional upon a lease extension. The homeowner’s has given to the freeholder the Notice of Claim. 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 Clydesdale. Moreover, which are the following lease extension steps to complete the purchase?

The intention is to sell our studio flat in Shirehampton but we may need to extend the lease, or possibly cover the costs of our purchaser. Are you able to recommend someone to assist?

Is it possible to talk with you about an apartment in Shirehampton, I am considering buying at auction next month. The flat only has a few years left and I wanted to inquire about how much it would cost to get a lease extension and for your services.

I will soon view a one bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 63 years unexpired on the lease. It is also a repo so I'm guessing that the bank will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

My husband has a share of freehold, with two other leaseholders in a building in Shirehampton. House split into three flats. He has a lease, which has just over 77 yrs remaining. How much would it cost for a lease extension and how many years would he need to extend by?

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 71 years. I need a at my end. Can you advise please? I live near Shirehampton and have a mortgage with Virgin Money.

We are hoping to purchase a property (a 2 bed flat based inShirehampton with share of freehold). During our search, we were always looking at properties that had at least eighty five years left. We identified a flat we fell in love with and the estate agent promised us that the lease term was not an issue. Yesterday our informed us the lease only has 60 years and thus requires a lease extension. Should we walk 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?

Do you handle lease extensions on land? (a plot of land in Shirehampton with 82yrs remaining)

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