Cheetham Hill Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Cheetham Hill
I'm intending to make an offer on a house in Cheetham Hill but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Virgin Money giving us the mortgage now?
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'm deliberating over buying a one bedroom apartment (leasehold) but the freeholder has been absent for around 15yrs. I wonder whether it will be cheaper to try to buy the reversionary title or to get a lease extension and apply for RTM?
I am a freeholder of a block of flats in Cheetham Hill, and the tenants are in the process of being issued lease extensions. I anticipate receiving the money next week. How does the tax work, the property is in joint names with my husband ?
We have a residential flat in Cheetham Hill with sixety two years left. Ten months ago we were quoted a deal to have a lease extension for a further thirty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 9k. Finally we have decided to go ahead but do we now have to start the negotiations again?
I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
I would like some advice on leasehold property buying. We are going 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 Cheetham Hill 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'm living at mum and dad but have a one bedroom apartment in Cheetham Hill let out which has a fivety nine year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Cheetham Hill for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
We are in the throws of buying a flat (a two bedroom ground floor purpose built flat based inCheetham Hill with share of freehold). Throughout our search, we were always looking at apartments that had a minimum ninety years left on the lease. We found a apartment we fell in love with and the estate agent promised us that the lease term was not an issue. This morning our solicitors advised us the lease only has seventy three years and therefore needs a lease extension. Should we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
I am the freeholder of a property in Cheetham Hill and a leaseholder would like a lease extension. Her valuer has given a figure of £9,000, but has upped this to £10,000 without too much effort. My valuer has put forward a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. 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 costs would I be likely to incur?