Borough Green Lease Extension - Your Legal Fees Calculator
Borough Green Lease Extensions: Q and A’s
I have an interest in the freehold of buildings comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm enquiring about the the process
I'm intending to make an offer on a house in Borough Green but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Alliance & Leicester giving us the mortgage now?
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?
I have my suspicions that my daughter is being hoodwinked. She put in an offer on a maisonette in Borough Green, where the lease is roughly 54 years but she was informed by the estate agents that the homeowner had extended it to 99 years. Only now has she been advised the homeowner was waiting for her to appoint solicitors ahead of instigating the lease extension. Sounds devious, also it will take months to sort it all out. What do you think?
My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I would like some guidance on leasehold property buying. We plan to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Borough Green area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
My fiance and I are hoping to acquire a home (a garden flat inBorough Green with share of freehold). During our search, we were always looking at flats that had at least eighty five years remaining. We found a apartment we liked and the estate agent assured that the lease was long albeit not specifying a number. Yesterday our lawyers informed us the lease only has 65 years and thus requires a lease extension. Should we run away, or do we reduce our offer?
I have 76 years remaining on my lease of a ground floor flat in Borough Green, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
I was hoping you might be able to tell me the process of how to apply for a lease extension for my studio flat in Borough Green
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom apartment in Borough Green