Bishops Castle Lease Extension - Your Legal Fees Calculator
Common questions relating to Bishops Castle Lease Extensions
My name´s Blake. I’m house hunting in Bishops Castle I'm deliberating offering on a studio flat online, with roughly seventy five years outstanding, how much will it likely cost to get a lease extension by, say, 45 years?
I need to extend my existing lease can you help me with that? I think it has sixety three years remaining
I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has sixety six years unexpired.
I have been in touch with my freeholder to extend my lease for my flat in Bishops Castle. His solicitors has been in contact concerning costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started July 1993.
I am deliberating whether to purchase the freehold or a lease extension of my property in Bishops Castle and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Nationwide Building Society to free up equity. My broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease started in 1979 and since then the ground rent has been raised from £25.00 per year to £200 per year.
I have my suspicions that my niece is being hoodwinked. She submitted an offer on a three bed flat in Bishops Castle, where the lease is nearly fivety six years but she was advised by the selling agents that the current owner had extended it to 125 years. Only now has she been told the seller was waiting for her to appoint lawyers ahead of instigating the lease extension. Sounds underhand, also it will take time to sort it all out. What do you think?
Offer accepted on a a garden flat in Bishops Castle, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 82 years.Contracts were due to be exchanged within a week. My query is Have the estate agents breached any law by misrepresenting the position concerning the lease term?
I require an estimate to extend my aunt’s lease on a one bed flat in Bishops Castle. She already has a price from the freeholder for a lease extension but I am unclear whether it is reasonable.
I am currently negotiating a lease extension for my flat in Bishops Castle 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?
I have a lease of seventy six years remaining on my flat in Bishops Castle. 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?