Bridport Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Bridport Lease Extensions
I’m seeking a lease extension for our ground floor flat based in Bridport and we are confused by the letter that we received from our freehold company. How long will it take?
I own a leasehold flat in the Bridport area and was wondering if I could obtain a lease extension. What are your processes and charges. There are 67 years residual lease term
I am the registered owner of a ground floor flat in Bridport. The start date for the lease was in 2001 for 99 years. Now I am looking to extend the lease. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
I will soon view a one bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has sixety two years unexpired on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
My mortgage lender requires a £450 fee for their property lawyers for a "deed of substituted security" for the lease extension for my flat in Bridport... I can find no mention of this in my mortgage contract... is this a normal cost that they charge?
I am a freeholder of a block of flats in Bridport, and the lessees are in the process of being granted lease extensions. I anticipate receiving funds within a month or so. Are there any tax implications, the property is co-owned with my husband ?
My partner and I have a one bedroom flat located in Bridport. There is eighty years left on the lease and we want a lease extension. How much will it likely cost to extend in this location by, say,35 years
I own a share of the freehold. There are four apartments in the house. All the leaseholders are now requiring lease extensions. Are you willing to help us with this situation?
I intend to buy a one bed flat in Bridport for asking price of 156k, which has 71 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
I am currently negotiating a lease extension for my flat in Bridport 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?