FAQs concerning Upton Lease Extensions

  • I inherited a property in Upton and it has around 71 years left. I'd like to arrange a lease extension by twenty years
  • I'm intending to make an offer on a house in Upton but I'm a little worried 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 Bank of Ireland giving us the mortgage now?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has fivety four years outstanding.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • Regarding a leasehold in Upton. upper maisonette. sixety five yrs unexpired. I have negotiated a lease extension price of £14k for 135yrs. Freeholder also insisted on Section 42 Notice which I think is a tad over the top. Can you assist.
  • We have a GFF in Upton. There is 80 years remaining on the lease and we want a lease extension. What does it cost on average to extend in this area by, say,35 years
  • 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 seventy six years. I need a at my end. Can you advise please? I live near Upton and have a mortgage with HSBC Bank.
  • I am the freeholder of a Edwardian property split into two flats. 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 fivety eight years. What are my next steps?
  • I own the freehold reversion of a property in Upton where the leaseholder would like a lease extension. Her valuer has provided a figure of £8,000, but has upped this to £10,000 without too much effort. My surveyor has put forward a much higher premium. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to face?
  • I'm seeking some help concerning a lease extension on my apartment. The intention is to do this sometime next year as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good with expertise in lease extensions. Preferably based in Upton?

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