Balsall Heath Lease Extension - Your Legal Fees Calculator
Questions and Answers: Balsall Heath Lease Extensions
I am looking for a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has 79 years outstanding.
Hi. I need a property lawyers to have a look at my lease extension before it's signed just to ensure there's nothing that I haven't seen - it's just a reissue with a few small variations.
I inherited a ground floor flat located in Balsall Heath with a leasehold unexpired of 54 years. I am wondering about what it will cost me to extend my lease
Possibly made a mistake, I am actually looking for a solicitors in Balsall Heath who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to help me with?
I am thinking about whether to purchase the freehold or a lease extension of my property in Balsall Heath and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Platform Home Loans Ltd to free up equity. The adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease commenced in 1979 and since then the ground rent has increased from £25.00 per annum to £200 per annum.
I will soon view a two bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has seventy one years balance left on the lease. It is also a repossession so I'm guessing that the bank will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
I am a first time buyer of a leasehold flat in Balsall Heath. The lease has only sixety one years balance left and ground rent is £25. Is it possible for the current owner to serve the Section 42 Notice and then assign this right to me as the purchaser once I complete the buying process so that I don't have to wait for the two year requisite 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 current owner? To add to the complexity the landlord can not be found, so I am not sure how does it work.
I am looking to buy a one bed flat in Balsall Heath for asking price of 125k, which has 76 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?
I own the freehold reversion of a property in Balsall Heath where the leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has increased this by £2,000 without too much effort. My surveyor has put forward a much higher figure. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?
I'm looking for some advice with regard to a lease extension on my 2 bed flat in Balsall Heath. I'll be looking to do this sometime next year as we need to move at some point 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 extend it now or wait until I sell my place and have it all tied in with the property sale?