Common Edge Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Common Edge
I am deliberating whether to purchase the freehold or a lease extension of my property in Common Edge and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously get a new mortgage with Barclays Direct to release of equity. The adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease began in 1981 and since then the ground rent has increased from £25.00 per annum to £125 per year.
My mortgage provider is requesting a £600 fee for their property lawyers for a "deed of substituted security" for the lease extension for my flat in Common Edge... I can find no reference of this in my mortgage literature... is this a normal cost that they charge?
My partner and I have a ground floor flat in Common Edge with 79 years left. Last year we were quoted a deal to have a lease extension for another thirty years but also uplift the ground rent from nominal to a little more..plus a premium I think of about 9k. We have now decided to proceed but do we now have to start the negotiations again?
I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
I would like some guidance on purchasing a leasehold residence. We hope to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Common Edge area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
It says on your website the likely fee for dealing with a lease extension is £495. Is that the total cost including value added tax and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my maisonette in Common Edge
I'm looking at purchasing an apartment in Common Edge at a price of £195,000 the flat has approaching seventy eight years remaining on the lease. My offer was subject to a lease extension... .. that was back in September, expecting I'd have moved in before Christmas. They have just informed the agent that they are prepared to reduce the price by£2k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Common Edge for a two bed flat - section 42 having been issued?
We are in the throws of buying a flat (a garden flat inCommon Edge with share of freehold). During our search, we were always looking at apartments that had at least ninety years remaining. We found a place we liked and the selling agent assured that the lease was long albeit not specifying a number. This morning our lawyers told us the lease only has seventy seven years and thus needs a lease extension. Do we run away, or should 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?
Do you handle lease extensions on land? (a plot of land in Common Edge with 82yrs remaining)