Welton Lease Extensions

Examples of recent questions relating to Lease Extensions in Welton

I'm about to make an offer on a house in Welton 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 Aldermore giving us the mortgage now?

I want to buy a leasehold property and extend the lease. The seller has been there for three 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 looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 54 years balance left.

We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 899 years residual lease term 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 the house being ours. Any help would be much appreciated.

I am a first time buyer of a leasehold flat in Welton. The lease has just 54 years balance left and ground rent is £75. Is it possible for the seller to serve the Notice of Claim and then assign over the right to me as the buyer once I complete the buying process so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the owner? To add to the complexity it’s the case of an absent freeholder, so I am not sure how this will play out.

I am looking at buying an auction property and identified a two bed flat in Welton. It only has a fifty year lease..the vendor as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the disadvantages of this other than the costly fee to extend the lease and decreased chance of getting a mortgage with Alliance & Leicester ?

I intend to buy a one bed flat in Welton for asking price of 145k, which has 69 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

Although I do not need a lease extension but I do need a vesting order on a property I want to buy in Welton. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the garden area.

I'm seeking some help with regard to a lease extension on my flat. I'll be looking to do this in nine months time 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. Ideally nearby in Welton?

We have a garden flat in Welton with a lease of 70 years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?

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