Crick Lease Extension - Your Legal Fees Calculator
Common questions relating to Crick Lease Extensions
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?
I would like to have my residential flat leasehold extension premium assessed. The flat is in Crick, and my lease will reach 54 years this December. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
I own a garden flat in Crick. I am looking to extend lease on the property. It is slightly less than eighty one years. I would just like to know what your charges are and how long it would take for completion.
I am concerned that my niece is being hoodwinked. She put in an offer on a garden flat in Crick, where the lease is circa fivety five years but she was informed by the estate agents that the current owner had extended it to 125 years. Only now has she been advised the vendor was waiting for her to appoint conveyancers ahead of instigating the lease extension. Sounds unscrupulous, also it may take a while to sort it all out. Am I being too sceptical?
Offer accepted on a a two bedroom ground floor purpose built flat in Crick, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer in writing through the post which states the lease as 85 years.Contracts were due to be exchanged within a week. My query is Should I tell the owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
My father has a share of freehold, with two other leaseholders in a building in Crick. House divided into three flats. He has a lease, which has around 65 years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
Just been over 2 years that I have owned my garden flat in Crick. I have sixety four years remaining on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
If a leaseholder owns a flat with a lease of less than 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?
We are hoping to purchase a home (a two bedroom ground floor purpose built maisonette based inCrick with share of freehold). During our search, we were always looking at flats that had a minimum 83 years residual lease term. We came across a flat we fell in love with and the selling agent promised us that the lease was long albeit not specifying a number. This morning our lawyers advised us the lease only has seventy eight years and therefore 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?
We currently own a studio flat in Crick and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy three years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?