Frequently asked questions relating to Wick Lease Extensions
I'm intending to make an offer on a house in Wick 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 Birmingham Midshires giving us the mortgage now?
We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 798 years outstanding so a lease extension is not required. 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 feedback would be much appreciated.
I acquired a ground floor flat in Wick. The lease commenced in 1991 for 99 years. Now I am looking to extend the lease. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
The intention is to sell our three bedroom ground floor purpose built maisonette in Wick but we may need a lease extension, or possibly cover the expense of our purchaser. Can you suggest someone to undertake the legal formalities?
We purchased a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Wick and looking to do a vesting order. Is this something you can help us with?
I would like to know how much it would cost and the best way to start the lease extension process? I have around 54 years unexpired lease and I own a one bedroom apartment in Wick.
It says on your website the likely fee to extend a lease is £495. Is that the total cost excluding vat and the land registry fee? The premium has already been agreed with the freeholder for the lease extension for my two bedroom ground floor purpose built flat in Wick
My wife and I are worried about seeking a lease extension from an objectionable freeholder. Notwithstanding that the legal procedures were adhered to under the appropriate legislation, the freeholder still tried to get ground rent of £200 doubling every twenty years of the new term. Can you assist?
I am currently in the process of remortgaging my garden flat in Wick and the bank that I am looking to switch to needs at least 85 years on the leasehold of my property in order for them to progress matters. I have discovered that I currently have around seventy three years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
I have a lease of fivety four years remaining on my flat in Wick. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?