Clare Lease Extension - Your Legal Fees Calculator
Common questions relating to Clare Lease Extensions
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 plan on buying a flat located in Clare. My offer is subject to the lease extension. The flat owner’s property lawyers has given to the freeholder the Notice of Claim. 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?
I acquired a garden flat in Clare. I am looking to extend lease on the property. It is approximately 80 years. I would just like to know what your charges are and how long it would take for completion.
I am about to view a two bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has seventy seven years residual lease term on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
Offer accepted on a a studio flat in Clare, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.Contracts were due to be exchanged in a couple of days. My query is Should I tell the flat owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
My father has a share of freehold, with two other leaseholders in a building in Clare. House split into three flats. He has a lease, which has circa 71 yrs unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
I own the freehold of a three bedroom flat in Clare. The leaseholders have sixety five years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
I'm intent on purchasing an apartment in Clare at a price of £210,000 the flat has approximately seventy six years left on the lease. I put in an offer subject to a lease extension... .. that was back in September, expecting I'd have moved in by Christmas. They have just informed the agent that they are prepared to reduce the price by£7k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
I'm hoping for some assistance concerning extending the lease on my flat. I'll be looking to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Do I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
I am currently negotiating a lease extension for my flat in Clare 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?