Chobham Lease Extension - Your Legal Fees Calculator
Sample questions relating to Chobham Lease Extensions
I'm planning to make an offer on a house in Chobham but I'm a little worried 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 Santander giving us the mortgage now?
I am looking for a lawyers in Chobham and they should be on the Virgin Money approved conveyancers panel as we need a lease extension and remortgage simultaneously. Can you recommend any please ?
I am going to purchase a flat in Chobham. My offer is subject to the lease extension. The flat owner’s property lawyers has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?
My OH and I are considering buying a garden flat in Chobham which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
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?
We have owned a leasehold flat for about twenty years. There are sixety eight years left on the lease. Following a year of protracted negotiations through my property lawyers and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would appreciate advice.
Just been over two years that I have owned my studio flat in Chobham. I have seventy four years remaining on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancers 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?
I do not need a lease extension but I do need a vesting order on a property I want to acquire in Chobham. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the rear garden.
We know that others in the same block previously had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on previous prices . This would save on double valuation fees. Is this advisable?
I am currently negotiating a lease extension for my flat in Chobham 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?