Axmouth and Branscombe Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Axmouth and Branscombe Lease Extensions
I bought a flat in Axmouth and Branscombe with a leasehold unexpired around sixety five years and need to extend it. Please can you advise me of the next stages
I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has sixety four years residual lease term.
My neighbours and I are in a block comprising five flats in Axmouth and Branscombe and have been offered to buy the freehold for £6000 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 looking to either purchase the freehold or a lease extension of my property in Axmouth and Branscombe and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with Britannia to release of equity. The broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease began in 1979 and since then the ground rent has been raised from £15.00 per year to £125 per annum.
We are considering purchasing a maisonette in Axmouth and Branscombe which is a leasehold. I am enquiring as to the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from extending the lease?
Offer accepted on a a studio flat in Axmouth and Branscombe, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.Contracts were due to be exchanged within a week. My question is Is it not odd that my solicitors failed to pick this up far earlier than just before exchange?
I am in need of a lease extension for my flat in Axmouth and Branscombe and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
I intend to buy a one bed flat in Axmouth and Branscombe for asking price of 145k, which has seventy seven years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord 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?
My solicitors (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Axmouth and Branscombe