Castleton Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Castleton Lease Extensions
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 798 years outstanding 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 correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any advice would be much appreciated.
I would like to have my residential flat leasehold extension premium assessed. The flat is in Castleton, and my lease will reach 68 years this July. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
I am a first time buyer of a leasehold flat in Castleton. The lease has just fivety four years unexpired and ground rent is £95. Is it possible for the seller to serve the Notice of Claim and then assign this right to me as the purchaser once I complete the buying process 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 is achievable but will it be very time consuming to the vendor? Unfortunately the landlord can not be found, so I am not sure how does it work.
My mortgage lender requires several hundred pounds for their lawyers for a "deed of substituted security" for the lease extension for my flat in Castleton... I am unable to find any mention of this in my mortgage booklet... is this a normal cost that they charge?
I am a landlord of a block of flats in Castleton, and the tenants are in the process of being issued lease extensions. I should hopefully get funds within a month or so. How does the tax work, the property is co-owned with my wife ?
I am looking for advice as I am interested in a property that has only a fivety four year lease and therefore requires a lease extension. Can I call someone to go through my options please?
I would like some advice on leasehold property buying. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Castleton area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
I own the freehold reversion of a property in Castleton and a leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £9,000, but has increased this by £2,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what fee would I be likely to face?
I am currently negotiating a lease extension for my flat in Castleton 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?
I'm looking for some advice with regard to a lease extension on my ground floor flat in Castleton. I'll be looking to do this sometime next year as we need to move at some point 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. Can you recommend a good conveyancing practitioners who specialises in lease extensions?