Bournville Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Bournville Lease Extensions
I acquired a property in Bournville and it has roughly sixety three years unexpired. I'd like to extend the lease period
I'm intending to make an offer on a house in Bournville 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 Yorkshire Building Society giving us the mortgage now?
Hi. I need someone to have a look at my lease extension prior to it being formalised just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor amendments.
I have been in touch with my freeholder to extend my lease for my flat in Bournville. Her conveyancing practitioners has been in contact with charges etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started May 1992.
I plan on buying a flat based in Bournville. The offer is conditional upon a lease extension. The seller’s lawyers has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
I am the registered owner of a three bedroom first floor purpose built maisonette in Bournville. I am looking for a lease extension on the property. It is around eighty years. I would just like to know what your charges are and how long the process takes.
I own a share of the freehold. There are five flats in the building. All the leaseholders are now seeking lease extensions. What's your solicitors fee?
Just been over two years that I have been in my maisonette in Bournville. I have 72 years remaining on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my solicitors 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?
If somebody owns a flat with a lease of under 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 doing it?
We currently own a maisonette in Bournville and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 72 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Should I contact the landlord first and will they be able to give me a cost?