Brading Lease Extension - Your Legal Fees Calculator
Questions and Answers: Brading Lease Extensions
I bought a property in Brading and it has slightly less than fivety four years outstanding. I'd like to extend the lease period
I have my suspicions that my daughter might have had the wool pulled over her eyes. She submitted an offer on a one bedroom apartment in Brading, where the lease is roughly fivety four years but she was told by the selling agents that the flat owner had extended it to 99 years. Only now has she been informed the flat owner was holding off for her to appoint lawyers ahead of instigating the lease extension. Seems unscrupulous, also it will take time to sort it all out. What do you think?
I am considering acquiring an auction property and identified a one bed flat in Brading. It has just fifty-one year lease..the current owner as mortgagees in possession dont want to mess around with seeking a lease extension..what are the disadvantages of this other than the huge fee to put a new lease on it and decreased chance of getting a mortgage with Lloyds TSB Bank?
My flat in Brading is up for sale and I have a hopefully firm offer. There is 79 years to run on the lease and I want to extend the lease. How much will it likely cost to extend in this area by, say,twenty years
We are proceeding with buying a three bed flat in Brading. I was informed that the lease had been lengthened (78 years outstanding prior to extension). The sales particulars stated "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The vendor supposedly has a quote but no funds to extend and consequently the owner intends to exchange and use the deposit monies for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
I am looking to buy a one bed flat in Brading for asking price of 125k, which has sixety four years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
Me and my OH have owned a leasehold flat for around fifteen years. It now has 63 years outstanding on the lease. Following a year of difficult negotiations through my solicitors and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would welcome advice.
We would like to know the cost of a lease extension valuation for a property based in Brading. Is this something you can assist us with?
My OH and I are hoping to buy a home (a studio flat inBrading with share of freehold). Throughout our search, we were always looking at apartments that had at least ninety years remaining. We found a apartment we liked and the estate agent assured that the lease term was not an issue. This morning our property lawyers informed us the lease only has fivety six years and thus needs a lease extension. Do we run 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 of a couple of flats. Someone has the lease on the garden flat in Brading. I occupy in the top flat. I was reviewing the land registry documents recently when I noticed that my flat is leasehold. There is fivety seven years left on the lease. If I want a lease extension then would I simply be paying for the property lawyers charges?