Clayton Lease Extension - Your Legal Fees Calculator
Clayton Lease Extensions: Q and A’s
I’m about to offer on a ground floor flat to purchase in the Clayton area and was enquiring what the likely fees would be to extend a lease? It has 59 years as a balance left...
We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 798 years outstanding so a lease extension is not required. 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 correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any guidance would be much appreciated.
Hello. I need a conveyancing practitioners to review my lease extension ahead of it being completed just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor variations.
I have a leasehold flat in Clayton. I have built a large extension and have not informed my leaseholder. What are my options?
I'm looking for an apartment to purchase in Clayton and I'm not really familiar with the leasehold arrangement. I've identified a three bed flat I like with a 90 years lease. My research reveals that I can get a lease extension after a couple of years, but:- Is this a given?
I am a landlord of a block of flats in Clayton, and the tenants are in the process of being issued lease extensions. I should hopefully get the money within a month or so. As I am not on self assessment do I contact the tax man ?
Offer accepted on a a garden flat in Clayton, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer in writing through the post which states the lease as 85 years.We are soon to exchange contracts within a week. My query is Is it not odd that my lawyers didn't pick this up far earlier than just before exchange?
My nephew has a share of freehold, with two other leaseholders in a building in Clayton. House split into three apartments. He has a lease, which has nearon 77 years outstanding. 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?
We are concerned about seeking a lease extension from a difficult freeholder. Notwithstanding that the correct procedures were adhered to under the 1993 Act, the landlord still tried to get ground rent of £300 increasing by 100% every twenty years of the new lease. Can you assist?
I am currently negotiating a lease extension for my flat in Clayton 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?