Bulwell Lease Extension - Your Legal Fees Calculator
Common questions relating to Bulwell Lease Extensions
I am seeking a lease extension for our two bed flat located in Bulwell and we don't fully understand the letter that we got from our freehold company. How long will it take?
Hi. I need someone to review my lease extension ahead of it being completed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor changes.
I'm thinking of buying a one bedroom apartment (leasehold) but the freeholder has been absent for around 15yrs. My query is would it be less expensive to try to buy the reversionary title or to extend lease and apply for right to manage?
I am looking to either purchase the freehold or a lease extension of my property in Bulwell and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Bank of Ireland to free up equity. My broker handling the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease started in 1991 and since then the ground rent has been raised from £15.00 per annum to £200 per annum.
I'm looking for a flat to buy in Bulwell and I'm not really familiar with the leasehold arrangement. I've identified a three bed flat I like with a 87 years lease. I've read that I can apply for a lease extension after 2 years, but:- Should I be looking at some conditions that would prevent me for getting a lease extension?
We have a first floor flat in Bulwell with 73 years unexpired. Ten months ago we were quoted a deal to grant a lease extension for another thirty years but also uplift the ground rent from notional to a little more..plus a premium I think of about 14k. Finally we have decided to go ahead but do we now have to start the negotiations again?
I am looking to buy a one bed flat in Bulwell for asking price of 145k, which has 78 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 question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
I know that others in the same block previously had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?
I am currently in the process of refinancing my ground floor flat in Bulwell and the bank that I am looking to switch to requires at least 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around 57 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
We currently own a garden flat in Bulwell and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 76 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?