Cringleford Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Cringleford Lease Extensions
I’m just looking for a a property to purchase in the Cringleford area and was enquiring how much would it cost for a lease extension? It has 77 years left...
We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 899 years unexpired so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any help would be much appreciated.
I bought a one bedroom apartment in Cringleford. The start date for the lease was in 1997 for 99 years. Now I am looking for a lease extension. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
I plan on buying a flat based in Cringleford. My offer is subject to the lease extension. The vendor’s conveyancers has given to the freeholder the Notice of Claim. 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 Birmingham Midshires. Moreover, which are the following lease extension steps to complete the purchase?
I am looking into the costs of carrying out a lease extension for my three bedroom ground floor purpose built flat in Cringleford, and would like some figures on that.
My mortgage lender is requesting several hundred pounds for their solicitors to agree a lease extension for my flat in Cringleford... I am unable to find any mention of this in my mortgage contract... is this a usual fee to pay?
My flat in Cringleford is up for sale and I have a hopefully firm offer. There is 82 years to run on the lease and I want a lease extension. What will it likely cost to extend in this area by, say,25 years
I am looking to buy a one bed flat in Cringleford for asking price of 145k, which has seventy nine years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
Just been over 2 years that I have been in my one bed flat in Cringleford. I have 55 yrs left on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
My OH and I are acquiring a 2 bed flat in Cringleford which has share of freehold and a leasehold. The lease was on the short side so the owner is in the process of dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our solicitors to do a "priority search" on the property title. The problem here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we have to hold on until the new lease is registered?