Blandford Forum Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Blandford Forum Lease Extensions
Hello, I just randomly found this website. I'm seeking prices on what a lease extension will cost for a one bedroom first floor purpose built flat located in Blandford Forum. It's on sale at the moment but has roughly 78 years of unexpired leasehold
My wife has an apartment in Blandford Forum which we have just put on the market. The leasehold has around fivety four years left on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Many thanks.
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
Think I may have made an error, I am searching for a property lawyers in Blandford Forum who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to assist me with?
I own a share of the freehold. There are four flats in the house. All the leaseholders are now seeking lease extensions. Are you able to help us with this situation?
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?
Coming up to two years that I have been in my three bedroom first floor purpose built flat in Blandford Forum. I have 79 years remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
It says on your website the likely fee to extend a lease is £495. Is that the total cost excluding value added tax and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my studio flat in Blandford Forum
I am currently in the process of remortgaging my three bed flat in Blandford Forum and the bank that I am looking to move to requires at least 85 years on the leasehold of my property in order for them to take the mortgage forward. I have discovered that I currently have around 70 years on the leasehold so require some advice, guidance, and some quotes to get the wheels in motion for a lease extension
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?