Workington Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Workington Lease Extensions
I'm planning to make an offer on a house in Workington 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 Accord Mortgages Ltd giving us the mortgage now?
I am thinking about whether to purchase the freehold or a lease extension of my property in Workington and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Barclays 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 1981 and since then the ground rent has increased from £15.00 per annum to £100 per annum.
I will soon view a one bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has seventy one years balance left on the lease. It is also a repossession so I'm assuming that the bank will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
My dad has a share of freehold, with two other leaseholders in a building in Workington. House converted into three flats. He has a lease, which has about 71 years outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
I'm intent on buying a flat in Workington valued at £210,000 the flat has something like 61 years remaining on the lease. I put in an offer subject to the lease being renewed... .. that was back in June, hoping I'd have completed before now. They have just come back saying that they are prepared to reduce the price by£2k if I deal with the lease extension myself. I'm unsure whether that's a good idea
I am the registered freeholder of a couple of flats. Someone has the lease on the lower flat in Workington. I reside in the upper flat. I was reviewing the title deeds last night when I noticed that my flat is leasehold. There is seventy seven years left on the lease. Is it possible to do a lease extension without using a conveyancers?
My wife and I are concerned about getting a lease extension from an objectionable freeholder. Notwithstanding that the correct procedures were followed under the appropriate legislation, the landlord still attempted to get ground rent of £200 doubling every twenty five years of the new lease. Can you help?
Are you able to provide an estimate to extend my mother’s lease on a one bedroom apartment in Workington. She recently got a price from the landlord for a lease extension but I am unclear whether it is reasonable.
We currently own a garden flat in Workington and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 72 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
I'm looking for some advice with regard to a lease extension on my studio flat in Workington. I'll be looking to do this sometime next year as we need to move at some point 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?