Castle Eden Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Castle Eden Lease Extensions
We agreed with the landlord for a lease extension on our flat in Castle Eden, 7k for an additional 90yrs. How long is the process ?
Hello, I just randomly found this site. I'm looking for prices on what a lease extension will cost for a one bedroom first floor purpose built flat in Castle Eden. It's on the market at the moment but has nearon 65 years left on the lease
I am thinking about whether to purchase the freehold or a lease extension of my property in Castle Eden and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Aldermore to release of equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease commenced in 1991 and since then the ground rent has been raised from £15.00 per annum to £300 per year.
I'm looking for a flat to purchase in Castle Eden and I'm not really familiar with the leasehold tenure. I've found a garden flat I like with a 90 years lease. I've read that I can get a lease extension after a couple of years, but:- Is this a given?
My mortgage provider requires several hundred pounds for their conveyancers to approve the lease extension deed for my flat in Castle Eden... I can find no reference of this in my mortgage guide... is this a standard charge?
My partner and I have a residential flat in Castle Eden with seventy five years left. Last year we were quoted a deal to receive a lease extension for another fifty years but also increase ground rent from nominal to a little more..plus a premium I think of approximately 14k. We have now decided to go ahead but do we now have to renegotiate?
We have a GFF in Castle Eden. There is eighty years to run on the lease and we want a lease extension. What will it likely cost to get a lease extension by, say,35 years
My lawyers (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?
It says on your website the likely fee to extend a lease is £495. Is that the total cost including vat and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my one bedroom apartment in Castle Eden
I am currently negotiating a lease extension for my flat in Castle Eden 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?