Aigburth Lease Extension - Your Legal Fees Calculator
Aigburth Lease Extensions: Q and A’s
I'm wanting to make an offer on a house in Aigburth 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 Barnsley Building Society giving us the mortgage now?
I'm deliberating over purchasing a garden flat (leasehold) but the landlord has been absent for circa 15yrs. I wonder whether it will be less expensive to try to acquire the freehold or to get a lease extension and apply for right to manage?
I need to talk to you about a flat in Aigburth, I am considering buying at auction in the next few days. The flat only has a few years remaining and I am curious about how much it would cost to get a lease extension and for your services.
My mortgage provider requires several hundred pounds for their solicitors to agree a lease extension for my flat in Aigburth... I can find no reference of this in my mortgage booklet... is this a usual charge?
I am looking at bidding for an auction property and identified a studio flat in Aigburth. It only has a fifty-one year lease..the seller being mortgagees in possession dont want the aggravation of applying for a lease extension..what are the disadvantages of this other than the huge fee to extend the lease and reduced chance of obtaining a mortgage with Santander?
Regarding a property in Aigburth. GFF maisonette. 76 yrs remaining. I have an agreed lease extension to £12,000 for 115yrs. Freeholder also insisted on Initial Notice which I think is a bit over the top. Advice required.
Coming up to 2 years that I have owned my one bedroom apartment in Aigburth. I have 71 years remaining on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
I own the freehold reversion of a property in Aigburth where the leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £8,000, but has upped this to £10,000 at the drop of a hat. My surveyor has suggested a much higher figure. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to incur?
I am currently negotiating a lease extension for my flat in Aigburth as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
I have a lease of 70 years remaining on my flat in Aigburth. 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?