Bestwood Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Bestwood
I acquired a flat in Bestwood with a leasehold unexpired nearon 61 years and need a lease extension. Please can you clarify the next steps
My partner has a flat in Bestwood which we have just put on the market. The leasehold has nearon sixety years remaining on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.
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 bought a maisonette in Bestwood. I am looking to extend lease on the property. It is approximately eighty years. I would just like to know what your charges are and how long it would take for completion.
I have a leasehold flat in Bestwood. I have built a huge extension and have not informed the freeholder. What are my options?
My nephew has a share of freehold, with two other leaseholders in a building in Bestwood. House divided into three apartments. He has a lease, which has circa sixety five yrs unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
I'm living with my parents but have a studio flat in Bestwood let out which has a seventy three 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 Bestwood 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 21k. Should I keep or sell the flat?
If somebody owns a flat with a lease of less than 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 doing it?
My partner and I have been in discussion with our freeholder after having a valuation on our garden flat in Bestwood. We have a 59 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she 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 property lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
I am concerned about obtaining a lease extension from tricky freeholder. Notwithstanding that the legal procedures were followed under the appropriate legislation, the landlord still tried to get ground rent of £200 increasing by 100% every twenty five years of the new lease. Can you help?