Binstead Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Binstead Lease Extensions
My partner has a flat in Binstead which we have just put on the market. The leasehold has approximately fivety four years unexpired on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
I'm wanting to make an offer on a house in Binstead but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Alliance & Leicester giving us the mortgage now?
We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 798 years residual lease term so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any advice would be much appreciated.
I am about to put an offer in on a garden flat in Binstead with a lease of fivety eight years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
I acquired a garden flat in Binstead. I am looking for a lease extension on the property. It is roughly eighty one years. I would just like to know what your charges are and how long it would take for completion.
I am looking to either purchase the freehold or a lease extension of my property in Binstead and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously refinance with Bank of Ireland to free up equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease began in 1991 and since then the ground rent has increased from £15.00 per annum to £125 per annum.
I am a FTB of a leasehold flat in Binstead. The lease has only sixety one years outstanding and ground rent is £50. Is it possible for the homeowner to serve the Initial Notice and then transfer 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 qualifying 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 costly to the seller? To add to the complexity the landlord is absent, so I am not sure how this will play out.
My husband and I have a ground floor flat in Binstead with seventy nine years unexpired. Ten months ago we were quoted a deal to grant a lease extension for a further thirty years but also uplift the ground rent from notional to £300 per year..plus a premium I think of approximately 10k. We have now decided to go ahead but do we now have to start the negotiations again?
Just a quick question, how much is the premium payable for a lease extension on a residential property in Binstead for a three bed flat - sec 42 having been issued?
I have a lease of 67 years remaining on my flat in Binstead. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?