Aldridge Lease Extension - Your Legal Fees Calculator
Common questions relating to Aldridge Lease Extensions
My name´s Finley. I’m property hunting in Aldridge I'm deliberating offering on a three bedroom ground floor purpose built flat online, with approximately seventy five years remaining, how much does it cost on average to get a lease extension by, say, twenty years?
I own a leasehold flat in the Aldridge area and was enquiring whether I could get a lease extension. What are your processes and charges. Has fivety four years left
Hello. I need someone to have a look at my lease extension before it's formalised just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few small variations.
The terms for the lease on my flat in Aldridge are 101 years from 1 Sep 1989. Can you provide me a quote for a lease extension if I give you more details please?
I am considering whether to purchase the freehold or a lease extension of my property in Aldridge and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Bank of Scotland to free up equity. The broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease commenced in 1991 and since then the ground rent has increased from £25.00 per annum to £125 per year.
Regarding a property in Aldridge. lower maisonette. sixety yrs remaining. I have negotiated a lease extension price of £12,000 for 125yrs. Freeholder also requested Initial Notice which I think should not be necessary. Advice required.
We have a ground floor flat in Aldridge with seventy six years left. Ten months ago we were quoted a deal to have a lease extension for another thirty years but also increase ground rent from nominal to a little more..plus a premium I think of approximately 16k. We have now decided to move forward but do we now have to start the negotiations again?
I have a share of the freehold. There are four flats in the block. All the leaseholders are now looking for lease extensions. What are the timescales to grant a lease extension?
I'm living at parents but have a ground floor flat in Aldridge let out which has a 72 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Aldridge for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
If somebody owns a flat with a lease of under 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?