Burnham On Sea Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Burnham On Sea Lease Extensions
I just completed on a property in Burnham On Sea and it has about sixety three years residual lease term. I'd like to extend the lease period
I have got a leasehold flat in the Burnham On Sea area and was enquiring if I could get a lease extension. What are your processes and charges. There are fivety four years left
I have been in touch with my freeholder to extend my lease for my flat in Burnham On Sea. His conveyancers has been in contact regarding charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started February 1986.
I am the freeholder of a Edwardian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 59 years. What are my next steps?
If a leaseholder owns a flat with a lease of under 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 son is concerned about seeking a lease extension from a difficult freeholder. Even though the correct procedures were adhered to under the 1993 Act, the freeholder still tried to charge ground rent of £300 increasing by 100% every twenty years of the new term. Can you assist?
I am planning on remortgaging my maisonette in Burnham On Sea and the mortgage company that I am looking to move to needs at least 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around 74 years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
We currently own a three bed flat in Burnham On Sea 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 fivety nine years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
I have seventy years remaining on my lease of a ground floor flat in Burnham On Sea, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
I am currently negotiating a lease extension for my flat in Burnham On Sea as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?