Budleigh Salterton Lease Extension - Your Legal Fees Calculator
Common questions relating to Budleigh Salterton Lease Extensions
I have an interest in the freehold of buildings comprising of seven flats each. 2 of the leasehold owners want to extend their leases and I'm wondering about the the process
I'm deliberating over purchasing a one bedroom first floor purpose built maisonette (leasehold) but the landlord has been missing for just over 15yrs. My query is would it be less expensive to try to buy the reversionary title or to get a lease extension and apply for RTM?
I am looking to either purchase the freehold or a lease extension of my property in Budleigh Salterton and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with National Westminster Bank to free up equity. The broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease started in 1979 and since then the ground rent has increased from £25.00 per annum to £200 per year.
I will soon view a one bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has seventy three years balance left on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
How much will I need to spend and what is the best way to start the lease extension process? I have approximately sixety two years remaining on my lease on a one bedroom apartment in Budleigh Salterton. I have called the agent who represent the freeholder and they provided me with the number for the valuer. I telephone the valuer but I am not receiving any calls back.
My mortgage provider requires a £450 fee for their property lawyers to agree a lease extension for my flat in Budleigh Salterton... I can find no reference of this in my mortgage booklet... is this a usual cost that they charge?
I own a purpose-built apartment located in a small block in Budleigh Salterton. The leasehold interest in the apartment on a ninety five year lease which commenced from 11th March 1980 with a set yearly rent of 35. I would like to obtain a lease extension. Can I talk with someone to discuss my options please?
I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety four years. I need a solicitors at my end. Can you advise please? I live near Budleigh Salterton and have a mortgage with Yorkshire Building Society.
Just been over 2 years that I have been in my one bedroom ground floor purpose built flat in Budleigh Salterton. I have sixety yrs remaining on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to the tribunal etc)?
I have fivety eight years remaining on my lease of a ground floor flat in Budleigh Salterton, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable