Byfleet Lease Extension - Your Legal Fees Calculator
Questions and Answers: Byfleet Lease Extensions
I purchased a flat in Byfleet with a leasehold unexpired about 61 years and need a lease extension. Please can you clarify the next steps
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 am looking into the costs of carrying out a lease extension for my one bedroom apartment in Byfleet, and would like some figures on that.
I have my suspicions that my daughter might have had the wool pulled over her eyes. She put in an offer on a garden flat in Byfleet, where the lease is slightly less sixety seven years but she was informed by the estate agents that the vendor had extended it to 99 years. Only now has she been advised the vendor was waiting for her to instruct solicitors prior to commencing with the lease extension. Seems odd to me, also it may take time to sort it all out. Am I reading too much into it?
I am considering purchasing an auction property and found a studio flat in Byfleet. It only has a 48 year lease..the current owner being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the disadvantages of this other than the huge fee to extend the lease and reduced chance of obtaining a mortgage with Birmingham Midshires?
I am looking for advice as I am interested in a property that has only a seventy three year lease and therefore requires a lease extension. Is it possible for me to talk with someone to go through my options please?
Me and my husband are purchasing a studio flat in Byfleet which has share of freehold and a leasehold. The lease was on the short side so the seller commenced extending the lease. The seller 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 house buying process is for our conveyancers to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must be patient until the lease extension has actually been registered before completing.?
I'm hoping for some help with regard to extending the lease on my flat. The intention is to do this next winter as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Do I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
I am currently negotiating a lease extension for my flat in Byfleet 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?
Do you handle lease extensions on land? (a plot of land in Byfleet with 82yrs remaining)