Umberleigh Lease Extensions

Questions and Answers: Umberleigh Lease Extensions

I agreed with the head landlord to a lease extension on our flat based in Umberleigh, 7k for another 90yrs. How long is the process ?

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

I'm wanting to make an offer on a house in Umberleigh 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?

Hi. I need a to have a look at my lease extension before it's formalised just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor variations.

I inherited a one bedroom apartment in Umberleigh. The start date for the lease was in 1997 for 99 years. Now I am wanting for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?

My neighbours and I are in a block comprising four flats in Umberleigh and have been offered to buy the freehold for 5k 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'm looking for an apartment to buy in Umberleigh and I'm not really familiar with the leasehold tenure. I've found a ground floor flat I like with a 87 years lease. My research reveals that I can apply for a lease extension after 2 years, but:- Should I anticipate any issue with my proposed mortgage lender Barnsley Building Society?

My OH and I are considering purchasing a maisonette in Umberleigh which is a leasehold. I am wanting to weigh up the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?

Just been over two years that I have been in my garden flat in Umberleigh. I have 54 yrs remaining on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?

We have been in discussion with our freeholder after having a valuation on our ground floor flat in Umberleigh. We have a seventy four year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that he 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 to handle this for us. Can you please provide me what your costs would be to act on our behalf.

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