Birchgrove Lease Extension - Your Legal Fees Calculator
FAQs concerning Birchgrove Lease Extensions
I am a FTB of a leasehold flat in Birchgrove. The lease has just 75 years left and ground rent is £50. Is it possible for the seller to serve the Initial Notice and then transfer over the right to me as the purchaser on the day of completion so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the vendor? Unfortunately the freeholder is absent, so I am not sure how this will play out.
I am a freeholder of a block of flats in Birchgrove, and the leaseholders are in the process of being given lease extensions. I anticipate receiving funds next week. As I am not on self assessment do I write to the tax authorities ?
Ref a property in Birchgrove. lower maisonette. sixety three yrs unexpired. I have negotiated a lease extension price of £14k for 125yrs. Landlord also requested Section 42 Notice which I think should not be necessary. Can you assist.
I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I'm living at parents but have a one bedroom apartment in Birchgrove let out which has a fivety eight 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 Birchgrove 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. Not sure sure whether to hold on 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?
Are you able to provide an estimate to extend my mum’s lease on a garden flat in Birchgrove. She recently got a price from the freeholder for a lease extension but I am unclear whether it is too high.
We currently own a garden flat in Birchgrove and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 68 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
We have a one bedroom apartment in Birchgrove with a lease of 64 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?