Hello,
As a first time buyer I have a quick question about extending leases.
I was thinking of going to look at a property where the current lease has a total of 56 years remaining, but they are in receipt of a quote from the freeholders for an extension to 99 years. It is for £27000.
I was wondering, if we bought the place and bought the extension, can the £27000 be added onto the mortgage? (still within the lending amount that has been offered by the bank of course).
thanks!!
:)
As a first time buyer I have a quick question about extending leases.
I was thinking of going to look at a property where the current lease has a total of 56 years remaining, but they are in receipt of a quote from the freeholders for an extension to 99 years. It is for £27000.
I was wondering, if we bought the place and bought the extension, can the £27000 be added onto the mortgage? (still within the lending amount that has been offered by the bank of course).
thanks!!
:)