Balsall Common Lease Extension - Your Legal Fees Calculator
Questions and Answers: Balsall Common Lease Extensions
My name´s Leo. I’m house hunting in Balsall Common I'm considering offering on a studio flat online, with about seventy years outstanding, how much does it cost on average to extend in this location by, say, ninety years?
I need to negotiate a lease extension for a flat in Balsall Common and want to use a local lawyers. Is there a solicitors that you can recommend?
I'm looking for an apartment to purchase in Balsall Common and I'm not really familiar with the leasehold concept. I've found a garden flat I like with a 82 years lease. I've read that I can apply for a lease extension having owned the property for 2 years, but:- Is this a given?
I am a first time buyer of a leasehold flat in Balsall Common. The lease has only seventy nine years remaining and ground rent is £25. Is it possible for the vendor to serve the Notice of Claim and then assign over the right to me as the buyer once I complete the buying process so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the vendor? To add to the complexity the landlord can not be found, so I am not sure how this will play out.
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'm living at mum and dad but have a one bedroom apartment in Balsall Common let out which has a sixety one year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Balsall Common for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
Just been over two years that I have owned my garden flat in Balsall Common. I have 61 yrs remaining on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancers 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?
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?
I am the registered freeholder to two flats. Someone has the lease on the garden flat in Balsall Common. I reside in the top flat. I was reviewing the title deeds today when I noticed that my flat has a lease on it. There is sixety eight years left. Can one do a lease extension without retaining a solicitors?
I have fivety four years remaining on my lease of a ground floor flat in Balsall Common, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable