Aintree Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Aintree Lease Extensions
I have got a leasehold flat in the Aintree area and was wondering whether I could get a lease extension. What are your processes and fees. There are 55 years remaining
I'm wanting to make an offer on a house in Aintree 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 HSBC Bank giving us the mortgage now?
We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 899 years unexpired so a lease extension is not a worry. 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 25 years without owning the property. Any advice would be much appreciated.
I am looking to either purchase the freehold or a lease extension of my property in Aintree and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Bank of Ireland to free up equity. The broker handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease started in 1972 and since then the ground rent has been raised from £25.00 per annum to £300 per annum.
I am in need of a lease extension for my flat in Aintree and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
I am looking for advice as I am interested in a property that has only a 69 year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?
My conveyancing practitioners (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Aintree
I'm looking for some advice with regard to a lease extension on my 2 bed flat in Aintree. 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?