Chopwell Lease Extension - Your Legal Fees Calculator
FAQs concerning Chopwell Lease Extensions
I purchased a property in Chopwell and it has circa sixety nine years remaining. I'd like to arrange a lease extension by twenty years
We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 798 years remaining so a lease extension is not a worry. 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 true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any guidance would be much appreciated.
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 am the owner of a maisonnette together with the freehold of both flats. My downstairs neighbours have asked to extend the lease what do I need to do?
I am looking to either purchase the freehold or a lease extension of my property in Chopwell and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously get a new mortgage with TSB to release of equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease started in 1972 and since then the ground rent has been raised from £25.00 per annum to £300 per annum.
I am a landlord of a block of flats in Chopwell, and the leaseholders are in the process of being given lease extensions. I anticipate receiving the money within a month or so. How does the tax work, the property is co-owned with my partner ?
I an interested in finding out more about purchasing a leasehold residence. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Chopwell area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
I'm living with my parents but have a maisonette in Chopwell let out which has a 74 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 Chopwell 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 21k. Should I keep or sell the flat?
Even though I may not need a lease extension but I do require a vesting order on a property I want to acquire in Chopwell. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the rear garden.
I require an estimate to extend my mother’s lease on a 2 bed flat in Chopwell. She recently got a figure from the freeholder for a lease extension but I am not sure it is too expensive.