Bishops Castle Lease Extension - Your Legal Fees Calculator
Questions and Answers: Bishops Castle Lease Extensions
I’m just looking for a garden flat to purchase in the Bishops Castle area and was enquiring how much would it cost to extend a lease? It has 55 years left...
Hi. I need someone to review my lease extension before it's signed just to ensure there's nothing that I haven't seen - it's just a reissue with a few small amendments.
My neighbours and I are in a building comprising five flats in Bishops Castle and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I purchased a three bedroom ground floor purpose built flat in Bishops Castle. I am looking for a lease extension on the property. It is nearon 80 years. I would just like to know what your charges are and how long the process takes.
I am a FTB of a leasehold flat in Bishops Castle. The lease has just 65 years residual lease term and ground rent is £25. Is it possible for the flat owner 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 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 may be possible but will it be very time costly to the flat owner? To add to the complexity the freeholder is absent, so I am not sure how this will play out.
I am planning to extend the lease on my garden flat in Bishops Castle I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
I have a freehold of a three bedroom flat in Bishops Castle. The leaseholders have 62 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 buying an apartment in Bishops Castle valued at £210,000 the flat has just under 71 years remaining on the lease. My offer was subject to the lease being extended... .. that was back in August, hoping I'd have completed before Christmas. They have just come back saying they'll reduce the price by£7k if I deal with the lease extension myself. I'm not sure whether that's a good idea
We are in the throws of buying a property (a studio flat inBishops Castle with share of freehold). During our search, we were always looking at apartments that had at least eighty five years outstanding. We identified a flat we fell in love with and the selling agent promised us that the lease term was not an issue. This morning our solicitors advised us the lease only has 78 years and thus requires a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
I own the freehold reversion of a property in Bishops Castle and a leaseholder would like a lease extension. Her valuer has suggested a figure of £9,000, but has increased this by £2,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to face?