Bournemouth Lease Extension - Your Legal Fees Calculator
Bournemouth Lease Extensions: Q and A’s
Hi, I stumbled upon your website. I'm seeking prices on what it cost to extend a lease of a ground floor flat in Bournemouth. It's on the market at the moment but has roughly 63 years left on the lease
I have got a leasehold flat in the Bournemouth area and was wondering whether I could obtain a lease extension. What are your processes and fees. Has 79 years outstanding
I'm considering buying a garden flat (leasehold) but the landlord has been missing for around 15yrs. I wonder whether it will be cheaper to try to acquire the freehold or to get a lease extension and apply for RTM?
Are you able to advise on the likely financials and the optimum way to start the lease extension process? I have approximately 56 years unexpired lease and I own a maisonette in Bournemouth.
I am thinking about bidding for an auction property and found a studio flat in Bournemouth. It has just fifty-one year lease..the current owner being mortgagees in possession dont want to mess around with applying for a lease extension..what are the disadvantages of this other than the costly fee to put a new lease on it and decreased chance of obtaining a mortgage with The Royal Bank of Scotland?
Me and my sister have owned a leasehold flat for approximately twenty years. There are seventy nine years remaining on the lease. After a year of protracted negotiations through my conveyancing practitioners and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.
Just been over 2 years that I have been in my ground floor flat in Bournemouth. I have seventy two years unexpired lease on the lease. I am now wanting to buy a share of freehold or a lease extension. I acquired the property for 320K, 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: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
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?
My wife and I are hoping to buy a flat (a one bedroom apartment based inBournemouth with share of freehold). During our search, we were always looking at properties that had at least eighty five years unexpired. We found a flat we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. Today our lawyers informed us the lease only has 56 years and thus needs a lease extension. Do we walk away, or should 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?
I own the freehold reversion of a property in Bournemouth where the leaseholder has requested a lease extension. Her valuer has provided a figure of £9,000, but has upped this to £10,000 without too much effort. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to incur?