Bedale Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Bedale Lease Extensions
I have shares in the freehold of buildings comprising of seven flats each. Two of the leaseholders want to extend their leases and I'm wondering about the procedure for this
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I acquired a maisonette in Bedale. I am looking for a lease extension on the property. It is nearly 80 years. I would just like to know what your charges are and how long it would take for completion.
I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
I would like some advice on purchasing a leasehold residence. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Bedale area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
Hello I own the freehold interest in a one bedroom flat in Bedale. The leaseholder has a 58 year lease and would like to purchase an additional 90 years. She is offering me £27,000 but I am not sure if this is in the right ballpark
We are in the throws of buying a home (a three bedroom first floor purpose built maisonette inBedale with share of freehold). During our search, we were always looking at apartments that had a minimum 83 years balance left. We found a flat we fell in love with and the estate agent promised us that the lease term was not an issue. Yesterday our property lawyers told us the lease only has 58 years and thus requires a lease extension. Should we run away, or should we reduce our offer?
I am the registered freeholder of a couple of flats. Someone has the lease on the lower flat in Bedale. I live in the top flat. I was looking at the land registry documents today when I noticed that my flat has a lease on it. There is seventy eight years left. If I want a lease extension then would I just be paying for the conveyancing practitioners fees?
I am the freeholder of a property in Bedale where the leaseholder would like a lease extension. Her valuer has given a figure of £9,000, but has upped this to £10,000 without too much effort. My valuer has recommended a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
I am currently negotiating a lease extension for my flat in Bedale 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?