Whaley Bridge Lease Extension - Your Legal Fees Calculator
Whaley Bridge Lease Extensions: Q and A’s
I'm about to make an offer on a house in Whaley Bridge 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?
We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 928 years left so a lease extension is not a concern. 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 correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any information would be much appreciated.
Hello. I need someone to review my lease extension before it's formalised just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor amendments.
I am looking to either purchase the freehold or a lease extension of my property in Whaley Bridge and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Barnsley Building Society to release of equity. The adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease started in 1972 and since then the ground rent has increased from £38.00 per annum to £125 per year.
I am a FTB of a leasehold flat in Whaley Bridge. The lease has only seventy years unexpired and ground rent is £25. Is it possible for the vendor to serve the Notice of Claim and then assign this right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the homeowner? To add to the complexity the landlord can not be found, so I am not sure how does it work.
I am thinking about buying an auction property and found a two bed flat in Whaley Bridge. It only has a 48 year lease..the current owner being mortgagees in possession dont want to mess around with seeking a lease extension..what are the disadvantages of this except for the expensive fee to put a new lease on it and decreased chance of obtaining a mortgage with Aldermore?
My leasehold flat in Whaley Bridge is up for sale and I have a hopefully firm offer. There is 82 years to run on the lease and I want a lease extension. What will it likely cost to get a lease extension by, say,twenty years
I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I commence the process, is this correct?
My husband has a share of freehold, with two other leaseholders in a building in Whaley Bridge. House split into three apartments. He has a lease, which has around 78 yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
I am the freeholder of a Victorian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 76 years. What are my next steps?