Burgess Hill Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Burgess Hill Lease Extensions
We agreed with the head landlord to a lease extension on our flat in Burgess Hill, 10.5k for another 90yrs. What's your legal fee ?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I plan on buying a flat located in Burgess Hill. My offer is conditional upon a lease extension. The flat owner’s conveyancing practitioners has served 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 Leeds Building Society. Moreover, which are the following lease extension steps to complete the purchase?
I acquired a three bed flat in Burgess Hill. I am looking to extend lease on the property. It is approximately eighty one years. I would just like to know what your charges are and how long it would take for completion.
I have my suspicions that my daughter might have had the wool pulled over her eyes. She submitted an offer on a garden flat in Burgess Hill, where the lease is circa sixety years but she was informed by the estate agents that the vendor had extended it to 99 years. Only now has she been told the owner was holding off for her to instruct solicitors ahead of instigating the lease extension. Sounds underhand, also it may take a while to sort it all out. Am I reading too much into it?
My partner and I have a residential flat in Burgess Hill with fivety nine years remaining. Ten months ago we were quoted a deal to have a lease extension for a further thirty years but also increase ground rent from nominal to £200 per annum..plus a premium I think of about 14k. Finally we have decided to proceed but do we now have to renegotiate?
I am seeking advice as I am interested in a property that has only a sixety four year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?
Just been over two years that I have been in my garden flat in Burgess Hill. I have seventy seven yrs left on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 445k. 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
We are in the throws of buying a home (a ground floor flat based inBurgess Hill with share of freehold). During our search, we were always looking at properties that had at least eighty five years unexpired. We identified a apartment we liked and the selling agent assured that the lease was long albeit not specifying a number. This morning our conveyancers advised us the lease only has 72 years and therefore requires a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
We have a garden flat in Burgess Hill with a lease of 74 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?