Chinatown Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Chinatown Lease Extensions
The terms for the lease on my flat in Chinatown are 99 years from 10 Feb 1990. Can you give me a quote for a lease extension if I give you more specifics please?
I have a share of the freehold. There are five flats in the house. All the leaseholders are now seeking lease extensions. Are you able to help us with this situation?
Me and my fiance had entered into buying a ground floor flat in Chinatown. I was advised by the EA that the lease extension had already been completed while on a viewing (fivety nine years left prior to extension). The sales particulars stated "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The owner apparently has a quote but no funds to extend and consequently the flat owner wishes to exchange and use the my deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that National Westminster Bank won't lend on a lease?
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?
My brother has a share of freehold, with two other leaseholders in a building in Chinatown. House divided into three flats. He has a lease, which has circa seventy seven years left. How much would it cost for a lease extension and how many years would he need to extend by?
I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 58 years. I need a conveyancing practitioners at my end. Can you advise please? I live near Chinatown and have a mortgage with Aldermore.
I am the freeholder of a Victorian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy six years. What are my next steps?
Just been over 2 years that I have been in my studio flat in Chinatown. I have fivety eight years unexpired lease on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 350K, 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?
Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Chinatown for a one bed flat - sec 42 having been issued?
My wife and I are aware that others in the same block had already had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Would you suggest such a course of action?