Coleford Lease Extension - Your Legal Fees Calculator
Questions and Answers: Coleford Lease Extensions
I agreed with the freeholder to a lease extension on our flat in Coleford, 13.5k for an additional 90yrs. Can you please assist us with this situation ?
I am looking to extend the lease on my one bedroom apartment in Coleford which will have 66 years remaining in August. What fees are applicable?
I am looking to purchase a three bed flat in Coleford with a lease of sixety one years but have no idea how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
I am going to purchase a flat located in Coleford. My offer is subject to the lease extension. The flat owner’s solicitors has served the Section 42 Notice. 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 Alliance & Leicester . Moreover, which are the following lease extension steps to complete the purchase?
I am a FTB of a leasehold flat in Coleford. The lease has only sixety three years residual lease term and ground rent is £75. Is it possible for the current owner to serve the Section 42 Notice and then assign this right to me as the buyer on the day of completion so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the owner? To add to the complexity it’s the case of an missing landlord, so I am not sure how does it work.
My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I would like some guidance on leasehold property buying. We are going to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Coleford area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
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 60 years. I need a conveyancers at my end. Can you advise please? I live near Coleford and have a mortgage with Lloyds TSB Bank.
If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
My wife and I are worried about getting a lease extension from an objectionable landlord. Regardless of the fact that the legal procedures were followed under the appropriate legislation, the landlord still attempted to charge ground rent of £200 increasing by 100% every twenty years of the new term. Can you assist?