I’m about to offer on a ground floor flat to buy in the Bude area and was interested in finding out what the likely fees would be for a lease extension? It has seventy years unexpired...
I have a lease of fivety five years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
I invested in buying a maisonette in Bude. The start date for the lease was in 1997 for 99 years. Now I am wanting to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
I plan on buying a flat located in Bude. My offer is subject to the lease extension. The flat owner’s solicitors has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Britannia. Moreover, which are the following lease extension steps to complete the purchase?
I am considering whether to purchase the freehold or a lease extension of my property in Bude and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with The Royal Bank of Scotland to free up equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease started in 1972 and since then the ground rent has been raised from £25.00 per annum to £125 per annum.
I wondered if you could help me on the likely cost and the best way to start the lease extension process? I have about sixety five years remaining and I own a one bedroom second floor purpose built maisonette in Bude.
My OH and I are considering purchasing a garden flat in Bude which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
I am looking to buy a one bed flat in Bude for asking price of 125k, which has sixety five 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 a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
If a leaseholder owns a flat with a lease of less than 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 doing it?
I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Bude. I reside in the top flat. I was looking at the land registry documents yesterday when I noticed that my flat has a lease on it. There is fivety seven years remaining. If I want to do a lease extension then would I just be paying for the solicitors costs?