FAQs concerning Spondon Lease Extensions

  • I’ve just purchased a studio flat located inSpondon and I'm deliberating a lease extension as soon as possible e.g. in two years
  • I am fairly sure that our solicitors has advised us incorrectly concerning a lease extension and I want to know how to go about making a formal complaint
  • I am considering investing in a holiday home but it has a lease that expires in 14 years. Its in Spondon - I wanted to see if with your services this could be extended?
  • 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 798 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 twenty years without owning the property. Any advice would be much appreciated.
  • I am the registered owner of a one bedroom apartment based in Spondon with a leasehold unexpired of sixety one years. I am curious about how much it will cost me to extend my lease term
  • We are in a building comprising four flats in Spondon and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I need to talk to you about a flat in Spondon, I am considering bidding at auction in the next few days. The flat only has a few years remaining and I was wondering about how much it would cost to get a lease extension and for your services.
  • I would like some guidance on purchasing a leasehold residence. We are going to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Spondon area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I am the freeholder of a Victorian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy seven years. What are my next steps?
  • We are hoping to buy a property (a studio flat located inSpondon with share of freehold). Throughout our search, we were always looking at apartments that had a minimum 84 years balance left. We found a apartment we fell in love with and the estate agent promised us that the lease term was not an issue. Yesterday our lawyers advised us the lease only has 62 years and therefore requires a lease extension. Do 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?
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    Lease Extensions in Spondon

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