Brighstone Lease Extension - Your Legal Fees Calculator
Questions and Answers: Brighstone Lease Extensions
I am the registered owner of a property in Brighstone and it has slightly more than 79 years remaining. I'd like to arrange a lease extension by twenty years
I want to purchase a leasehold property and extend the lease. The vendor has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I am thinking about whether to purchase the freehold or a lease extension of my property in Brighstone and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with The Mortgage Works to release of equity. The broker handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease commenced in 1981 and since then the ground rent has been raised from £38.00 per annum to £300 per year.
In 2010 I purchased a leasehold flat in Brighstone. I have built a huge extension and have not informed my leaseholder. What should I do?
We would like to extend our lease having owned the place for 2 years as of 13th May 2015. It has around seventy six years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as possible.
I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
My husband has a share of freehold, with two other leaseholders in a building in Brighstone. House converted into three flats. He has a lease, which has slightly more than seventy eight yrs unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 70 years. I need a lawyers at my end. Can you advise please? I live near Brighstone and have a mortgage with Leeds Building Society.
I'm living with my parents but have a ground floor flat in Brighstone let out which has a seventy two 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 Brighstone 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 13k. Should I keep or sell the flat?
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 extending the lease?