Buckfastleigh and Dean Lease Extension - Your Legal Fees Calculator
Questions and Answers: Buckfastleigh and Dean Lease Extensions
I have been in touch with my freeholder for a lease extension for my flat in Buckfastleigh and Dean. His solicitors has been in contact concerning fees etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started August 1987.
I own a studio flat in Buckfastleigh and Dean. The start date for the lease was in 1991 for 99 years. Now I am looking to extend the lease. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?
I am thinking about whether to purchase the freehold or a lease extension of my property in Buckfastleigh and Dean and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with Platform Home Loans Ltd to release of equity. My adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease began in 1972 and since then the ground rent has been raised from £15.00 per year to £100 per year.
I'm looking for a flat to buy in Buckfastleigh and Dean and I'm not really familiar with the leasehold tenure. I've identified a ground floor flat I like with a 91 years lease. My research reveals that I can go for a lease extension having owned the property for a couple of years, but:- Is this a given?
I have my suspicions that my niece is being hoodwinked. She put in an offer on a garden flat in Buckfastleigh and Dean, where the lease is about 70 years but she was advised by the selling agents that the current owner had extended it to 125 years. Only now has she been advised the vendor was waiting for her to appoint lawyers before commencing with the lease extension. Seems underhand, also it could take a while to sort it all out. Am I reading too much into it?
I am thinking about bidding for an auction property and came upon a one bed flat in Buckfastleigh and Dean. It only has a 50 year lease..the current owner being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the disadvantages of this except for the expensive fee to extend the lease and reduced chance of obtaining a mortgage with The Mortgage Works?
We have a leasehold flat in Buckfastleigh and Dean with 66 years left. Ten months ago we were quoted a deal to have a lease extension for a further 25 years but also uplift the ground rent from nominal to a little more..plus a premium I think of approximately 9k. Finally we have decided to move forward but do we now have to renegotiate?
I an interested in finding out more about purchasing a leasehold residence. We plan to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Buckfastleigh and Dean area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
I am hoping to extend the lease on my maisonette in Buckfastleigh and Dean I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
Just been over two years that I have owned my maisonette in Buckfastleigh and Dean. I have 73 yrs remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?