Badminton Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Badminton
Hi, I just randomly found this site. I'm looking for prices on what a lease extension will cost for a studio flat based in Badminton. It's up for sale at the moment but has nearly 69 years remaining on the lease
I purchased a property in Badminton and it has just under 78 years remaining. I'd like to extend the lease period
We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 798 years outstanding so a lease extension is not a worry. 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 correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any feedback would be much appreciated.
I am looking to either purchase the freehold or a lease extension of my property in Badminton 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 Birmingham Midshires to free up equity. The broker handling the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease started in 1981 and since then the ground rent has increased from £15.00 per annum to £300 per annum.
I am considering purchasing an auction property and came upon a one bed flat in Badminton. It has just 50 year lease..the current owner being mortgagees in possession will not want to mess around with applying for a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and reduced chance of obtaining a mortgage with Accord Mortgages Ltd?
My partner and I have a ground floor flat in Badminton with 68 years remaining. Ten months ago we were quoted a deal to receive a lease extension for a further fifty years but also increase ground rent from nominal to a little more..plus a premium I think of about 14k. We have now decided to go ahead but do we now have to start the negotiations again?
I am seeking advice as I am interested in a property that has only a 79 year lease and therefore requires a lease extension. Can I talk with someone to go through my options please?
Coming up to two years that I have owned my ground floor flat in Badminton. I have 64 years left on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in Badminton. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the garden area.
I am currently in the process of refinancing my garden flat in Badminton and the next lender that I am looking to move to needs at least 80 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around seventy years on the leasehold so looking for some advice, guidance, and some quotes to set the wheels in motion for a lease extension