Axbridge Lease Extension - Your Legal Fees Calculator
FAQs concerning Axbridge Lease Extensions
My wife agreed with the freeholder for a lease extension on our flat located in Axbridge, 19.5k for an extension by 90yrs. How long will it take ?
We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 899 years remaining so a lease extension is not an issue. 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information would be much appreciated.
I am about to put an offer in on a two bedroom first floor purpose built maisonette in Axbridge with a lease of seventy three years but have no idea what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
I own a share of the freehold. There are three flats in the house. All the leaseholders are now looking for lease extensions. What's your solicitors fee?
I am looking to buy a one bed flat in Axbridge for asking price of 125k, which has 55 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question 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?
Just been over two years that I have been in my one bedroom apartment in Axbridge. I have 62 years remaining on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 425k. 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: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to the tribunal etc)?
I own the freehold of a couple of flats. Someone has the lease on the lower flat in Axbridge. I occupy in the upper flat. I was reviewing the title deeds last night when I noticed that my flat is leasehold. There is seventy five years balance left. Can one do a lease extension without retaining a solicitors?
I'm looking for some advice concerning extending the lease on my flat. The plan is to do this next winter as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
I have seventy six years remaining on my lease of a ground floor flat in Axbridge, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
Do you handle lease extensions on land? (a plot of land in Axbridge with 82yrs remaining)