Bungay Lease Extension - Your Legal Fees Calculator
Common questions relating to Bungay Lease Extensions
My husband and I are seeking a lease extension for our flat in Bungay and we are confused by the letter that we got from our freehold company. What's your solicitors fee?
We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 798 years balance left so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any information would be much appreciated.
I own a share of the freehold. There are three apartments in the building. All the leaseholders are now looking for lease extensions. Are you willing to assist us with this situation?
Me and my partner are considering purchasing a garden flat in Bungay which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
I am planning to extend the lease on my maisonette in Bungay I am looking for help to verify the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
I am the freeholder of a Victorian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 66 years. What are my next steps?
I'm living at mum and dad but have a studio flat in Bungay let out which has a 57 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Bungay for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?
I'm looking at buying an apartment in Bungay valued at £256,000 the flat has something like fivety four years unexpired on the lease. I put in an offer conditional upon a lease extension... .. that was back in June, hoping I'd be in by now. The owner has just come back saying they'll reduce the price by£8k if I deal with the lease extension myself. I'm not sure whether that's a good idea
My brother and I are acquiring a three bed flat in Bungay which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of extending the lease. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our solicitors to do OS1 search on the property title. The concern here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we have to hold on pending registration of the new lease?
I know that others in the same building had already had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?