Cambridge Lease Extension - Your Legal Fees Calculator
Questions and Answers: Cambridge Lease Extensions
I agreed with the freeholder for a lease extension on our flat in Cambridge, 17k for a further 90yrs. How long is the process ?
We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 798 years remaining so a lease extension is not a concern. 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 feedback would be much appreciated.
I am looking for a lawyers in Cambridge and they need to be on the Barclays approved conveyancers panel as we need a lease extension and remortgage simultaneously. Are you able to recommend any please ?
I am about to view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has fivety seven years unexpired on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
I am a FTB of a leasehold flat in Cambridge. The lease has just 55 years left and ground rent is £50. Is it possible for the seller to serve the Section 42 Notice and then assign this right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the owner? To add to the complexity the freeholder can not be found, so I am not sure how does it work.
Ref a residence in Cambridge. GFF maisonette. 60 yrs remaining. I have an agreed lease extension to £20k for 125yrs. Freeholder also requested Section 42 Notice which I think is a bit over the top. Advice required.
Offer accepted on a a garden flat in Cambridge, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as eighty years.Contracts were due to be exchanged in a couple of days. My query is how is possible that the estate agent got it so wrong?
My conveyancing practitioners (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?
We have owned a leasehold flat for about eighteen years. There are 77 years unexpired lease on the lease. After a year of protracted negotiations through my conveyancers and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would welcome some independent thoughts.
I require an estimate to extend my mum’s lease on a studio flat in Cambridge. She recently got a price from the freeholder for a lease extension but I am unclear whether it is too expensive.