Brough Lease Extension - Your Legal Fees Calculator
Common questions relating to Brough Lease Extensions
I want to acquire a leasehold property and lease extension. The owner 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 purchased a ground floor flat in Brough. The lease commenced in 1998 for 99 years. Now I am wanting for a lease extension. I am not entirely sure about further expenses, could you tell me please how much I should expect to spend on this?
I am a first time buyer of a leasehold flat in Brough. The lease has just seventy years residual lease term and ground rent is £75. Is it possible for the seller to serve the Notice of Claim and then assign this right to me as the buyer on the day of completion so that I can avoid waiting for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the seller? To add to the complexity it’s the case of an absent landlord, so I am not sure how does it work.
I am looking for advice as I am interested in a property that has only a 66 year lease and therefore requires a lease extension. Is it possible for me to call someone to go through my options please?
My conveyancing practitioners (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I'm living with my mum and dad but have a garden flat in Brough let out which has a 57 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 Brough 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 19k. Should I keep or sell the flat?
Coming up to two years that I have been in my one bedroom first floor purpose built maisonette in Brough. I have sixety five years outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
I own the freehold reversion of a property in Brough and a leaseholder has requested a lease extension. Her valuer has given a figure of £8,000, but has increased this to £10,000 without too much effort. My surveyor has put forward a much higher amount. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to incur?
Do you handle lease extensions on land? (a plot of land in Brough with 82yrs remaining)
We have a garden flat in Brough with a lease of 54 years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?