Clifton Village Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Clifton Village Lease Extensions
I am looking for a lease extension on the lease on my garden flat in Clifton Village which will have seventy years unexpired lease in August. What fees are applicable?
I own a leasehold flat in the Clifton Village area and was enquiring whether I could obtain a lease extension. What are your processes and fees. There are 76 years unexpired
We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 928 years outstanding so a lease extension is not an issue. 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 twenty years without owning the property. Any help 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?
My neighbours and I are in a block of four flats in Clifton Village and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I am deliberating whether to purchase the freehold or a lease extension of my property in Clifton Village and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with HSBC Bank to release of equity. The broker handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease commenced in 1991 and since then the ground rent has been raised from £38.00 per annum to £100 per year.
I'm looking for an apartment to buy in Clifton Village and I'm not really familiar with the leasehold title. I've identified a garden flat I like with a 91 years lease. My research reveals that I can go for a lease extension having owned the property for a couple of years, but:- Is this a given?
My mortgage lender requires several hundred pounds for their conveyancing practitioners to approve the lease extension deed for my flat in Clifton Village... I can find no reference of this in my mortgage guide... is this a normal charge?
I'm living with my mother and father but have a one bedroom first floor purpose built maisonette in Clifton Village let out which has a fivety four 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 Clifton Village 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 19k. Not sure sure whether to hold on or sell the flat?
Me and my OH are hoping to acquire a home (a one bed flat located inClifton Village with share of freehold). During our search, we were always looking at properties that had a minimum eighty five years balance left. We came across a flat we fell in love with and the selling agent promised us that the lease term was not an issue. Yesterday our solicitors told us the lease only has 73 years and thus requires a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?