At such low terms none of the online calculators will assist
Most lender like to see 25-30 years left after the mortgage term has ended. There are a couple of lenders who will lend on short term leases on the major estates of London (i.e. the Grosvenor estate etc) but I would think 8 years is just too short
Yes you would have to wait 2 years
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The free guide to lease extension is available by download from LEASE :
http://www.lease-advice.org/publicat...ent.asp?item=8Leave a comment:
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Lease extension
Hi
I'm thinking of buying a property at an auction with a lease of 8 years
I have 3 questions:
1. Is there an online calculator that i can use to estimate how much it will cost me to extend this lease?
2. Under what lease term do mortgagees not lend?
3. Would i need to own the property for 2 years before i seek an extension?
Thank you
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An external water leak via a very short inward-curving pipe from an upstairs maisonette (owned by a freeholder, but inhabited by rental tenants) is pouring water down the outside wall of my kitchen (I am a leaseholder).
This water is making its way into my internal kitchen wall, probably...06-07-2022, 14:44 PM -
Thank you all for your efforts here.
I have asked the MA to order an emergency plumber to fit an external pipe from the overflow to the nearby drain hopper about 1 metre away. This will at least keep the waterfall off my wall.
The water only started to flow last Saturday. Is...07-07-2022, 07:42 AM -
Reply to Responsibility on my freeholdHas this extension already been built?
If so, what was agreed when the co-freeholder asked for permission to extend?
If not, you can probably withhold permission unless they agree to take full responsibility for the roof in future (and might even be able to demand a premium from them).07-07-2022, 06:44 AM -
I am joint freeholder with the property upstairs and have had issues with our roof leaking. After many repairs paying my 50% to the cost, the upstairs owner has decided to extend into the loft space and onto 50% of the flat roof at the back. I thought this would reduce the cost to me to the front of...05-07-2022, 20:44 PM
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Thank you in advance for your time to reply to my question.
This relates to an 85 year old couple and I would appreciate your help.
Background information:
This relates to an estate for the over 55s - a RMC that owns the freehold and it was set up for the benefit of the residents...06-07-2022, 11:51 AM -
The first question that needs to be answered has to be:
"Does the lease allow the freeholder to replace the radiators in the property?"
If the answer to this is "No" (e.g. if the leases specifically exclude radiators within the property from the definition of 'conduits',...07-07-2022, 06:34 AM -
If someone has left the filling loop open then that’s pretty dangerous! Most systems only run at 1bar and will dump any pressure over that amount. Mains pressure is a lot higher and a heating system isn’t designed for that....06-07-2022, 22:18 PM
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I'm only going to respond very briefly now. You need to be distinguishing three completely separate things.
a) Whether the works are the responsibility of the lessor to carry out.
b) Whether they need to be carried out, and if so whether the procedure was followed.
c) Whether...06-07-2022, 20:09 PM -
Are you reasonably handy? I would run a length of downpipe from the overflow into the hopper head. Though if it was me I'd have turned their water off as soon as they started being awkward....06-07-2022, 17:59 PM
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Sounds to me like your neighbour is trying to wind up his landlord.06-07-2022, 17:10 PM
Leave a comment: