Barnoldswick Lease Extension - Your Legal Fees Calculator
Barnoldswick Lease Extensions: Q and A’s
We have just acquired a 2 bed conversion flat inBarnoldswick and I'm deliberating a lease extension as soon as practicable e.g. after two years
I am looking for a lease extension on the lease on my garden flat in Barnoldswick which will have sixety four years outstanding in August. What fees apply?
I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 76 years remaining.
I am the owner of a maisonnette together with the freehold. The owners of the downstairs flat have asked to extend the lease what do I need to do?
I am looking to either purchase the freehold or a lease extension of my property in Barnoldswick and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Halifax to release of equity. My broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease started in 1972 and since then the ground rent has increased from £38.00 per year to £300 per annum.
Me and my partner have owned a leasehold flat for approximately eighteen years. It now has 65 years outstanding on the lease. Following a year of protracted negotiations through my property lawyers and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate advice.
Just been over 2 years that I have owned my ground floor flat in Barnoldswick. I have 60 yrs outstanding on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
Even though I may not need a lease extension but I do need a vesting order on a property I want to acquire in Barnoldswick. The house is freehold but the garden is officially leasehold, 1000 year lease from 1895. Its the garden area.
Me and my sister have been in discussion with our freeholder after having a valuation on our garden flat in Barnoldswick. We have a 77 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a conveyancers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
We know that others in the same block had already had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation fees. Would you recommend this course of action?