Boscastle Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Boscastle Lease Extensions
I own a leasehold flat in the Boscastle area and was wondering if I could get a lease extension. What are your processes and charges. There are 77 years left
I'm thinking of buying a maisonette (leasehold) but the landlord has been missing for nearly 15yrs. I wonder whether it will be cheaper to try to buy the reversionary title or to get a lease extension and apply for right to manage?
I am a freeholder of a block of flats in Boscastle, and the leaseholders are in the process of being given lease extensions. I anticipate receiving funds within a month or so. As I am not on self assessment do I contact the tax man ?
Coming up to 2 years that I have been in my three bed flat in Boscastle. I have 64 yrs left on the lease. I am now wanting to purchase a share of freehold or a lease extension. 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: In terms of surveyors - how do I go about finding one?
Although I do not need a lease extension but I do require a vesting order on a property I want to buy in Boscastle. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the rear garden.
If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
I'm looking at buying a flat in Boscastle valued at £256,000 the flat has just under sixety three years unexpired on the lease. I put in an offer conditional upon a lease extension... .. that was back in August, hoping I'd be in before now. They have just informed the agent they'll reduce the price by£7k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Boscastle for a one bed flat - sec 42 is already served?
My wife and I are hoping to buy a property (a ground floor flat based inBoscastle with share of freehold). During our search, we were always looking at properties that had at least 83 years unexpired. We came across a apartment we liked and the selling agent assured that the lease term was not an issue. Today our conveyancers informed us the lease only has 56 years and thus needs a lease extension. Do we run away, or should we reduce our offer?
I am currently negotiating a lease extension for my flat in Boscastle 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?