Blakenhall Lease Extension - Your Legal Fees Calculator
Questions and Answers: Blakenhall Lease Extensions
I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 54 years residual lease term.
My neighbours and I are in a building consisting of three flats in Blakenhall and have been offered to buy the freehold for 5k 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 am looking to either purchase the freehold or a lease extension of my property in Blakenhall and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a refinance with Lloyds TSB Bank to free up equity. The adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease commenced in 1981 and since then the ground rent has been raised from £25.00 per year to £100 per year.
I have my suspicions that my niece is being hoodwinked. She submitted an offer on a studio flat in Blakenhall, where the lease is just over 57 years but she was informed by the selling agents that the vendor had extended it to 99 years. Only now has she been told the owner was waiting for her to retain conveyancers ahead of instigating the lease extension. Sounds underhand, also it could take a while to sort it all out. Am I being too sceptical?
My mortgage provider is requesting several hundred pounds for their conveyancing practitioners to agree a lease extension for my flat in Blakenhall... I can find no mention of this in my mortgage contract... is this a normal charge?
Me and my fiance are proceeding with buying a one bed flat in Blakenhall. I was advised that the lease had been extended (79 years outstanding prior to extension). The description on the listing said "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The flat owner apparently has a quote but no money to extend as a result the seller wants to exchange and use the my deposit to extend the lease. My question is why has this only just been brought to my attention by my solicitors?
I am the freeholder of a Georgian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety three years. What are my next steps?
Even though I may not need a lease extension but I do need a vesting order on a property I want to acquire in Blakenhall. The house is freehold but the garden is officially leasehold, 995 year lease from 1895. Its the rear garden.
Me and my fiance have been in discussion with our freeholder after having a valuation on our one bed flat in Blakenhall. We have a fivety five 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 conveyancers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
I own the freehold of a three bedroom flat in Blakenhall. The leaseholders have 77 years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?