Cheltenham Lease Extension - Your Legal Fees Calculator
Cheltenham Lease Extensions Example Support Desk Enquiries
I want to acquire a leasehold property and extend the lease. The homeowner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I am looking for a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has 56 years balance left.
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 will soon view a one bedroom apartment, although not exactly my dream 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 73 years remaining on the lease. It is also a repossession so I'm guessing that the lender will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
I have a share of the freehold. There are four flats in the block. All the leaseholders are now looking for lease extensions. Are you willing to help us with this situation?
I am planning to extend the lease on my one bedroom apartment in Cheltenham I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
Just been over 2 years that I have owned my three bed flat in Cheltenham. I have 69 yrs outstanding on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
My husband and I are hoping to buy a property (a two bedroom first floor purpose built maisonette located inCheltenham with share of freehold). Throughout our search, we were always looking at apartments that had at least ninety years residual lease term. We found a apartment we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Yesterday our property lawyers told us the lease only has fivety five years and therefore needs a lease extension. Do we walk away, or should we reduce our offer?
My wife and I are aware that others in the same building had already had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of not having formal survey and base the initial offer on previous premiums paid . This would save on double valuation fees. Would you recommend this course of action?
Are you able to provide an estimate to extend my mum’s lease on a studio flat in Cheltenham. She recently got a price from the freeholder for a lease extension but I am far from certain if it is reasonable.