Burnham Market Lease Extension - Your Legal Fees Calculator
FAQs concerning Burnham Market Lease Extensions
I have just bought a one bed apartment based inBurnham Market and I'm thinking about a lease extension as soon as practicable e.g. in 24 months of ownership
So this is the scenario: I own a garden flat in Burnham Market that I am now unable to sell due to the lease needing a lease extension. How long will it take ?
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?
The terms for the lease on my flat in Burnham Market are 95 years from 12 Dec 1980. Can you provide me a quote for a lease extension if I give you more details please?
I own a purpose-built flat based in a small block in Burnham Market. The leasehold interest in the flat on a 101 year lease which commenced from 21st October 1980 with a fixed yearly rent of 35. I wish to obtain a lease extension. Is it possible for me to call someone to discuss my options please?
My conveyancers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
My husband has a share of freehold, with two other leaseholders in a building in Burnham Market. House converted into three apartments. He has a lease, which has approximately 78 years left. How much would it cost for a lease extension and how many years would he need to extend by?
I am in need of some help with a lease extension. I live in Edinburgh but the property in question is based in Burnham Market. I would be grateful if you can give me a call when you get a chance to discuss the case.
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 extending the lease?
My daughter is aware that others in the same block had already had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?