Bubwith Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Bubwith Lease Extensions
I have shares in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leasehold owners want a lease extension and I'm wondering about the the process
I am looking at investing in a second home but it has a lease that expires in 14 years. Its in Bubwith - I wanted to see if with your services it is possible for this to be extended?
I'm looking for an apartment to purchase in Bubwith and I'm not really familiar with the leasehold title. I've identified a ground floor flat I like with a 91 years lease. I've read that I can apply for a lease extension after 2 years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
I am a FTB of a leasehold flat in Bubwith. The lease has just 71 years balance left and ground rent is £95. Is it possible for the homeowner to serve the Section 42 Notice and then transfer over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the two 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 is achievable but will it be very time consuming to the owner? To add to the complexity the landlord can not be found, so I am not sure how this will play out.
How much will I need to spend and what is the best way to start the lease extension process? I have slightly less than 65 years outstanding on my lease on a one bedroom first floor purpose built flat in Bubwith. I have called the agent who act on behalf of the freeholder and they gave me the number of the valuer. I have contacted the surveyor but I am not getting any kind of answer.
I am concerned that my niece is being hoodwinked. She put in an offer on a ground floor flat in Bubwith, where the lease is nearon seventy seven years but she was advised by the estate agents that the vendor had extended it to 125 years. Only now has she been advised the owner was waiting for her to retain lawyers prior to commencing with the lease extension. Sounds devious, also it may take a while to sort it all out. Am I being too sceptical?
My mortgage provider is requesting several hundred pounds for their conveyancing practitioners for a "deed of substituted security" for the lease extension for my flat in Bubwith... I can find no reference of this in my mortgage contract... is this a normal cost that they charge?
I'm intent on purchasing an apartment in Bubwith valued at £210,000 the flat has approximately sixety two years remaining on the lease. My offer was subject to a lease extension... .. that was back in August, hoping I'd have moved in by Christmas. They have just come back saying that they are prepared to knock £5k off if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
I'm seeking some assistance with regard to a lease extension on my apartment. The plan is to do this sometime next year as we need to move 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 LVT route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
I am currently negotiating a lease extension for my flat in Bubwith 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?