Clayhall Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Clayhall Lease Extensions
I have a lease of 70 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
Hi. I need someone to review my lease extension prior to it being completed just to make sure there's nothing that I haven't seen - it's just a reissue with a few small variations.
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 deliberating whether to purchase the freehold or a lease extension of my property in Clayhall and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with Godiva Mortgages Ltd to free up equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease began in 1991 and since then the ground rent has been raised from £38.00 per annum to £200 per year.
My mortgage lender is requesting several hundred pounds for their solicitors to agree a lease extension for my flat in Clayhall... I can find no reference of this in my mortgage literature... is this a standard charge?
Ref a residence in Clayhall. lower maisonette. seventy six yrs unexpired. I have negotiated a lease extension price of £14k for 115yrs. Landlord also requested Initial Notice which I think should not be necessary. Advice required.
I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 61 years. I need a conveyancers at my end. Can you advise please? I live near Clayhall and have a mortgage with Virgin Money.
I am in need of some help with a lease extension. I live in Edinburgh but the property in question is based in Clayhall. I would be grateful if you can give me a call when you get a chance to discuss the case.
We are purchasing a studio flat in Clayhall which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our lawyers to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we have to hold on pending registration of the new lease?
I am currently negotiating a lease extension for my flat in Clayhall 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?