Underwood Lease Extensions: Q and A’s

  • Hello, I am looking somewhere around or in Underwood 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I need to extend my existing lease can you help me with that? I think it has 75 years remaining
  • I want to purchase a leasehold property and extend the lease. The owner has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Underwood and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Britannia to free up equity. My broker handling the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease began in 1991 and since then the ground rent has been raised from £15.00 per year to £300 per year.
  • In 2010 I purchased a leasehold flat in Underwood. I have built a large extension and have not informed my freeholder. What are my options?
  • My mortgage provider is requesting several hundred pounds for their to agree a lease extension for my flat in Underwood... I am unable to find any reference of this in my mortgage literature... is this a standard cost that they charge?
  • I am a freeholder of a block of flats in Underwood, and the leaseholders are in the process of being issued lease extensions. I anticipate receiving the money next month. Are there any tax implications, the property is in joint names with my husband ?
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 75 years. I need a at my end. Can you advise please? I live near Underwood and have a mortgage with National Westminster Bank.
  • I'm looking at purchasing a flat in Underwood at a price of £195,000 the flat has approximately sixety six years left on the lease. My offer was conditional upon a lease extension... .. that was back in August, expecting I'd have completed before Christmas. They have just come back saying that they are prepared to knock £4k off if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
  • Do you handle lease extensions on land? (a plot of land in Underwood with 82yrs remaining)

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