Belmont Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Belmont Lease Extensions
I acquired a property in Belmont and it has about fivety five years unexpired. I'd like to arrange a lease extension by twenty years
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 am deliberating whether to purchase the freehold or a lease extension of my property in Belmont and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Alliance & Leicester to release of equity. The adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease commenced in 1981 and since then the ground rent has been raised from £38.00 per year to £200 per year.
My leasehold flat in Belmont is up for sale and I have a hopefully firm offer. There is eighty one years remaining on the lease and I want to extend the lease. How much will it likely cost to get a lease extension by, say,35 years
I am looking to buy a one bed flat in Belmont for asking price of 145k, which has 72 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
I am the freeholder of a Georgian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 65 years. What are my next steps?
I own the freehold of a 2 bedroom flat in Belmont. The leaseholders have 61 years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
I'm looking at acquiring an apartment in Belmont valued at £256,000 the flat has approaching 76 years unexpired on the lease. I put in an offer conditional upon a lease extension... .. that was back in August, expecting I'd have completed by now. The seller has just come back saying they'll reduce the price by£7k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
Me and my husband are purchasing a one bedroom apartment in Belmont which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our conveyancing practitioners to do a pre-completion search on the property title. The problem here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must hold on until the new lease is registered?
I am planning on refinancing my garden flat in Belmont and the bank that I am looking to move to requires a minimum 85 years on the leasehold of my property in order for them to progress matters. We currently have around seventy years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process