Bosham Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Bosham Lease Extensions
I invested in buying a flat in Bosham with a leasehold unexpired around 78 years and need to extend it. Please can you clarify the next stages
I want to purchase a leasehold property and lease extension. The flat owner 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 ?
We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 798 years remaining so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any guidance would be much appreciated.
I have a lease of 55 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
The terms for the lease on my flat in Bosham are 95 years from 15 Sep 1989. Please give me a quote for a lease extension if I give you more details please?
Ref a residence in Bosham. upper maisonette. 66 yrs remaining. I have negotiated a lease extension price of £14k for 125yrs. Freeholder also requested Initial Notice which I think is a tad over the top. Advice required.
Me and my sister have owned a leasehold flat for around fifteen years. It now has seventy seven years outstanding on the lease. Following a year of difficult negotiations through my conveyancers and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
Coming up to two years that I have been in my garden flat in Bosham. I have sixety seven years outstanding on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners 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 anticipated fee to extend a lease is £495. Is that the total cost excluding vat and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my ground floor flat in Bosham
We are hoping to acquire a property (a garden flat based inBosham with share of freehold). During our search, we were always looking at properties that had a minimum 83 years balance left. We identified a apartment we liked and the estate agent assured that the lease was long albeit not specifying a number. Yesterday our conveyancers informed us the lease only has sixety eight years and thus requires a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?