Aldeburgh Lease Extension - Your Legal Fees Calculator
FAQs concerning Aldeburgh Lease Extensions
We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 928 years balance left so a lease extension is not required. 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 correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any feedback would be much appreciated.
I am looking to buy a studio flat in Aldeburgh with a lease of fivety six years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I am looking to either purchase the freehold or a lease extension of my property in Aldeburgh and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Barnsley Building Society to free up equity. The broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease commenced in 1972 and since then the ground rent has increased from £38.00 per annum to £125 per annum.
I'm looking for a flat to purchase in Aldeburgh and I'm not really familiar with the leasehold arrangement. I've found a studio flat I like with a 87 years lease. I've read that I can get a lease extension after 2 years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?
I am concerned that my daughter is being hoodwinked. She submitted an offer on a ground floor flat in Aldeburgh, where the lease is about 68 years but she was informed by the selling agents that the homeowner had extended it to 125 years. She has now been told the vendor was waiting for her to retain conveyancers ahead of instigating the lease extension. Sounds devious, also it may take a while to sort it all out. What do you think?
Me and my OH had entered into buying a one bedroom apartment in Aldeburgh. I was advised by the EA that the lease extension had already been completed while on a viewing (77 years left prior to extension). The description on the listing stated "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The vendor apparently has a quote but no funds to extend and consequently the owner wants to exchange and use the 10% deposit for the lease extension. My question is how is possible that the estate agent got it so wrong?
I am looking to buy a one bed flat in Aldeburgh for asking price of 156k, which has seventy years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
I own the freehold of a couple of flats. Someone has the lease on the ground flat in Aldeburgh. I reside in the upper flat. I was reviewing the title deeds today when I noticed that my flat has a lease on it. There is 54 years left on the lease. If I want a lease extension then would I just be paying for the property lawyers fees?
Are you able to provide an estimate to extend my mother’s lease on a studio flat in Aldeburgh. She recently got a figure from the freeholder for a lease extension but I am not sure it is too expensive.