Covent Garden Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Covent Garden
Hi, I am looking somewhere around or in Covent Garden 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
Do you only undertake lease extensions in Covent Garden? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a solicitors.
I am thinking about whether to purchase the freehold or a lease extension of my property in Covent Garden and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Alliance & Leicester to free up equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease started in 1972 and since then the ground rent has increased from £38.00 per annum to £125 per annum.
I'm looking for a flat to purchase in Covent Garden and I'm not really familiar with the leasehold concept. I've identified a place I like with a 87 years lease. I've read that I can go for a lease extension having owned the property for 2 years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
I have my suspicions that my daughter is being hoodwinked. She put in an offer on a studio flat in Covent Garden, where the lease is nearon 59 years but she was advised by the estate agents that the flat owner had extended it to 99 years. Only now has she been informed the flat owner was holding off for her to appoint solicitors before commencing with the lease extension. Seems odd to me, also it may take months to sort it all out. What do you think?
We would like to extend our lease having owned the apartment for 2 years as of 1st May 2015. It has roughly seventy three years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as is reasonably achievable.
Me and my fiance had entered into buying a garden flat in Covent Garden. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy five years remaining prior to extension). The sales particulars said "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The flat owner supposedly has a quote but no finances to extend and consequently the homeowner wants to exchange and use the deposit monies to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
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 doing it?
Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Covent Garden for a one bed flat - section 42 having been issued?
My wife and I are aware that others in the same building had already had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on previous prices . This would save on double valuation fees. Would you recommend this course of action?