Caddington Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Caddington Lease Extensions
Me and my OH are thinking about a lease extension for our flat based in Caddington and we are confused by the letter that we got from our freehold company. Can you please help us with this situation?
My partner has a flat located in Caddington which we are about to put on the market. The leasehold has slightly more than sixety eight years balance left on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Thank you.
We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 928 years left so a lease extension is not an issue. 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 true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any help would be much appreciated.
I plan on buying a flat located in Caddington. The offer is subject to the lease extension. The vendor’s lawyers 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 Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?
I'm considering purchasing a maisonette (leasehold) but the freeholder has been absent for about 15yrs. My query is would it be less expensive to try to purchase the reversionary title or to extend lease and apply for RTM?
We are in a block comprising five flats in Caddington and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
We are looking to extend our lease having owned the property for 2 years as of 11th Feb 2016. It has nearly seventy four years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as possible.
I would like some guidance on purchasing a leasehold residence. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Caddington area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
I am currently in the process of refinancing my ground floor flat in Caddington and the mortgage company that I am looking to switch to requires at least 85 years remaining on the lease in order for them to progress matters. I have found that I currently have around 59 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
I am currently negotiating a lease extension for my flat in Caddington 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?