Arley Lease Extension - Your Legal Fees Calculator
Questions and Answers: Arley Lease Extensions
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 have been in touch with my freeholder for a lease extension for my flat in Arley. Her lawyers has been in contact regarding fees etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started November 1986.
I'm planning on 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 buy the freehold or to extend lease and apply for RTM?
I am a landlord of a block of flats in Arley, and the lessees are in the process of being granted lease extensions. I anticipate receiving funds next week. How does the tax work, the property is co-owned with my husband ?
I am looking at acquiring an auction property and identified a one bed flat in Arley. It has just 50 year lease..the current owner as mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and reduced chance of getting a mortgage with HSBC Bank?
We are proceeding with buying a garden flat in Arley. I was told that the lease had been lengthened (sixety five years outstanding 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 homeowner apparently has a quote but no money to extend as a result the seller wants to exchange and use the 10% deposit for the lease extension. My question is is it not odd that my lawyers didn't spot this far earlier than just before exchange?
I'm living at mother and father but have a one bedroom second floor purpose built flat in Arley let out which has a seventy nine 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 Arley 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?
Just been over two years that I have owned my 2 bed flat in Arley. I have sixety five years unexpired lease on the lease. I am now wanting to buy a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Arley based lawyers or any will do fine?
I have 67 years remaining on my lease of a ground floor flat in Arley, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
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 Arley