Blandford Forum Lease Extension - Your Legal Fees Calculator
FAQs concerning Blandford Forum Lease Extensions
I want to acquire a leasehold property and extend the lease. The vendor has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I am a FTB of a leasehold flat in Blandford Forum. The lease has only fivety nine years unexpired and ground rent is £95. Is it possible for the homeowner to serve the Notice of Claim and then assign over the right to me as the purchaser once I complete the buying process so that I can avoid waiting for the two 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 legal but will it be very time costly to the homeowner? To add to the complexity it’s the case of an absent landlord, so I am not sure how does it work.
I have my suspicions that my daughter is being hoodwinked. She put in an offer on a maisonette in Blandford Forum, where the lease is approximately sixety two years but she was advised by the selling agents that the flat owner had extended it to 125 years. She has now been informed the flat owner was waiting for her to instruct lawyers prior to commencing with the lease extension. Sounds unscrupulous, also it may take time to sort it all out. Am I reading too much into it?
My mortgage lender is requesting a £450 fee for their lawyers for a "deed of substituted security" for the lease extension for my flat in Blandford Forum... I can find no mention of this in my mortgage guide... is this a standard cost that they charge?
Me and my sister are considering buying a two bedroom ground floor purpose built maisonette in Blandford Forum which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
I am in need of a lease extension for my flat in Blandford Forum and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
I'm living at mother and father but have a three bedroom first floor purpose built flat in Blandford Forum let out which has a sixety two 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 Blandford Forum 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 13k. Not sure sure whether to hold on or sell the flat?
My wife and I are aware that others in the same block had already had a lease extension, and the landlord was reasonable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Would you recommend this course of action?
I require an estimate to extend my mother’s lease on a one bedroom apartment in Blandford Forum. She recently got a price from the freeholder for a lease extension but I am not sure it is too expensive.
I am currently negotiating a lease extension for my flat in Blandford Forum 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?