Breaston Lease Extension - Your Legal Fees Calculator
Questions and Answers: Breaston Lease Extensions
So this is the scenario: I acquired a maisonette in Breaston that I now cannot sell due to the lease requiring a lease extension. How long will it take ?
I am fairly sure that our lawyers has advised us incorrectly concerning a lease extension and I would like to find out how to complain
I have got a leasehold flat in the Breaston area and was curious whether I could get a lease extension. What are your processes and fees. Has sixety three years residual lease term
I'm about to make an offer on a house in Breaston but I'm a little worried 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 Bank of Ireland giving us the mortgage now?
I would like to have my residential flat leasehold extension premium valued. The flat is in Breaston, and my lease will reach sixety years this July. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
I'm living at parents but have a one bedroom apartment in Breaston let out which has a sixety three year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Breaston for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?
If a leaseholder 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 extending the lease?
I own the freehold to two flats. Someone has the lease on the ground flat in Breaston. I reside in the top flat. I was looking at the title deeds last night when I noticed that my flat is leasehold. There is 61 years remaining. Can one carry out a lease extension without using a conveyancing practitioners?
I own the freehold reversion of a property in Breaston where the leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £9,000, but has upped this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting 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 fee would I be likely to face?
I am currently negotiating a lease extension for my flat in Breaston as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?