Aylesbury Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Aylesbury Lease Extensions
I have an interest in the freehold of buildings comprising of 8 flats each. Two of the leaseholders want to extend their leases and I'm enquiring about the procedure for this
I am going to purchase a flat based in Aylesbury. My offer is subject to the lease extension. The current owner’s conveyancing practitioners has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Nationwide Building Society. Moreover, which are the following lease extension steps to complete the purchase?
We are in a building comprising three flats in Aylesbury and have been offered to buy the freehold for 7k 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 the registered owner of a ground floor flat in Aylesbury. I am looking to extend lease on the property. It is around 80 years. I would just like to know what your charges are and how long the process takes.
My husband and I have a first floor flat in Aylesbury with 65 years to run. Ten months ago we were quoted a deal to have a lease extension for another fifty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 14k. Finally we have decided to move forward but do we now have to renegotiate?
We had entered into a purchase of a garden flat in Aylesbury. I was advised that the lease had been extended (sixety four years left prior to extension). The sales particulars said "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The current owner supposedly has a quote but no money to extend and consequently the seller intends to exchange and use the deposit monies to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
I'm intent on buying an apartment in Aylesbury at a price of £210,000 the flat has approaching sixety seven years remaining on the lease. I put in an offer conditional upon a lease extension... .. that was back in September, hoping I'd be in before now. The owner has just come back saying that they are prepared to knock £5k off if I deal with the lease extension myself. I'm not sure whether that's a good idea
Me and my partner are acquiring a ground floor flat in Aylesbury which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced dealing with a lease extension. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our property lawyers to do a "priority search" on the property title. The problem here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we must be patient until the lease extension has actually been registered before completing.?
I am the registered freeholder to two flats. Someone has the lease on the lower flat in Aylesbury. I live in the upper flat. I was reviewing the title deeds last night when I noticed that my flat is leasehold. There is fivety seven years left. If I want a lease extension then would I just be paying for the lawyers fees?
I am currently negotiating a lease extension for my flat in Aylesbury as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?