Aston Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Aston Lease Extensions
I’m about to offer on a a property to purchase in the Aston area and was after more information on how much would it cost to extend a lease? It has 54 years unexpired...
I want to acquire a leasehold property and lease extension. The seller has been there for four years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
We are in a block containing four flats in Aston and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I am a FTB of a leasehold flat in Aston. The lease has only sixety years balance left and ground rent is £50. Is it possible for the homeowner to serve the Section 42 Notice and then assign this right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the current owner? To add to the complexity it’s the case of an missing landlord, so I am not sure how does it work.
I have a share of the freehold. There are four apartments in the house. All the leaseholders are now seeking lease extensions. How long will take to get a lease extension?
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?
It says on your website the likely fee to extend a lease is £495. Is that the total cost excluding value added tax and the HMLR fee? The price has already been negotiated with the freeholder for the lease extension for my three bed flat in Aston
I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Aston. I reside in the top flat. I was reviewing the land registry documents today when I noticed that my flat has a lease on it. There is 60 years balance left. Can one do a lease extension without retaining a conveyancing practitioners?
We know that others in the same building had already had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?
I have a lease of sixety four years remaining on my flat in Aston. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?