Recently asked questions relating to Southville Lease Extensions

  • I inherited a 2 bed flat in Southville that I am finding difficult to sell due to the lease needing a lease extension. How long will it take ?
  • I am looking at investing in a holiday home but it has a lease that expires in 14 years. Its in Southville - I wanted to see if with your services this could be extended?
  • I invested in buying a one bedroom first floor purpose built maisonette in Southville. The start date for the lease was in 1991 for 99 years. Now I am looking to extend the lease. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
  • I am about to view a one bedroom flat, 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 62 years left on the lease. It is also a repo so I'm assuming that the bank 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 considering acquiring an auction property and came upon a two bed flat in Southville. It only has a fifty-one year lease..the vendor being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and decreased chance of obtaining a mortgage with Lloyds TSB Bank?
  • I have a share of the freehold. There are three flats in the house. All the leaseholders are now seeking lease extensions. How long will take to get a lease extension?
  • If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • My father knows that others in the same block had already had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Would you suggest such a course of action?
  • Are you able to provide an estimate to extend my aunt’s lease on a garden flat in Southville. She recently got a price from the landlord for a lease extension but I am not sure it is reasonable.
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom apartment in Southville
  • Other Topics

    Lease Extensions in Southville

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