Brading Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Brading Lease Extensions
We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 928 years left so a lease extension is not a concern. 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 information would be much appreciated.
Do you only handle lease extensions in Brading? I own a flat in Abbey Wood with 90 years outstanding, I am looking for a quote from a property lawyers.
I am looking to buy a garden flat in Brading with a lease of 58 years but not sure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
In 2010 I purchased a leasehold flat in Brading. I have built a big extension and have not informed my freeholder. What are my options?
We are proceeding with a purchase of a three bedroom ground floor purpose built flat in Brading. I was advised by the EA that the lease extension had already been completed while on a viewing (71 years outstanding prior to extension). The description on the listing stated "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The flat owner supposedly has a quote but no money to extend as a result the owner wishes to exchange and use the 10% deposit for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
I am the freeholder of a Edwardian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 57 years. What are my next steps?
I am the freeholder of a property in Brading and a leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My valuer has suggested a much higher premium. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what costs would I be likely to face?
We know that others in the same block previously had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?
I am currently in the process of refinancing my garden flat in Brading and the next lender that I am looking to move to requires a minimum 85 years on the leasehold of my property in order for them to progress matters. We currently have around 62 years on the leasehold so looking for some advice, guidance, and some quotes to get the wheels in motion for a lease extension
I'm looking for some advice with regard to a lease extension on my garden flat in Brading. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?