Lease Extensions in Colwall

Top Ten Questions relating to Colwall Lease Extensions

I agreed with the head landlord to a lease extension on our flat located in Colwall, 16k for an additional 90yrs. What's your solicitors fee ?

I would like to have my residential flat leasehold extension premium assessed. The flat is in Colwall, and my lease will reach sixety nine years this November. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?

I am going to purchase a flat in Colwall. My offer is conditional upon a lease extension. The vendor’s 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 Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?

I am looking to either purchase the freehold or a lease extension of my property in Colwall and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Birmingham Midshires to release of equity. My adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease began in 1981 and since then the ground rent has increased from £15.00 per annum to £125 per annum.

In 2012 I purchased a leasehold apartment in Colwall. I have built a huge extension and have not informed the leaseholder. What should I do?

I will soon view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 68 years balance left on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?

I am a freeholder of a block of flats in Colwall, and the lessees are in the process of being given lease extensions. I should hopefully get funds next week. Are there any tax implications, the property is in joint names with my husband ?

Just a quick question, how much are the legal fees for a lease extension on a residential property in Colwall for a two bed flat - section 42 is already in place?

I am currently negotiating a lease extension for my flat in Colwall 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?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom second floor purpose built maisonette in Colwall

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Colwall