Aldeburgh Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Aldeburgh Lease Extensions
I am looking to extend the lease on my ground floor flat in Aldeburgh which will have seventy one years outstanding in September. What fees do you charge for this?
I am looking at investing in a second home but it has a lease that expires in eighteen years. Its in Aldeburgh - I wanted to see if with your services it is possible for this to be extended?
The terms for the lease on my apartment in Aldeburgh are 95 years from 10 Sep 1990. Please give me a quote for a lease extension if I give you more specifics please?
I need to talk to you about a leasehold property in Aldeburgh, I am thinking of buying at auction next week. The flat only has a few years outstanding and I am curious about what it would cost to get a lease extension and for your services.
I am a FTB of a leasehold flat in Aldeburgh. The lease has just 73 years balance left and ground rent is £50. Is it possible for the seller to serve the Section 42 Notice and then assign over the right to me as the buyer once I complete the buying process so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the seller? To add to the complexity it’s the case of an absent freeholder, so I am not sure how does it work.
I am a landlord of a block of flats in Aldeburgh, and the leaseholders are in the process of being granted lease extensions. I anticipate receiving the money within a month or so. Are there any tax implications, the property is in joint names with my wife ?
Me and my partner have owned a leasehold flat for around twenty years. There are fivety six years remaining on the lease. After a year of difficult negotiations through my property lawyers and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would welcome some independent thoughts.
Coming up to 2 years that I have been in my ground floor flat in Aldeburgh. I have 57 years remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
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?
Me and my wife are hoping to acquire a flat (a garden flat based inAldeburgh with share of freehold). Throughout our search, we were always looking at properties that had a minimum eighty five years left on the lease. We found a flat we liked and the estate agent assured that the lease was long albeit not specifying a number. This morning our conveyancers advised us the lease only has sixety two years and therefore needs a lease extension. Should we walk away, or should we negotiate our offer?