Crowborough Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Crowborough Lease Extensions
My name´s Austin. I’m house hunting in Crowborough I'm seeing a two bedroom first floor purpose built flat online, with just over sixety years unexpired lease, how much does it cost on average to extend in this area by, say, 25 years?
Hi, I am looking somewhere around or in Crowborough 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
I'm thinking of purchasing a one bed flat (leasehold) but the freeholder has been missing for around 15yrs. My query is would it be less expensive to try to buy the freehold or to extend lease and apply for right to manage?
I invested in buying a maisonette in Crowborough. I am looking for a lease extension on the property. It is approaching eighty years. I would just like to know what your charges are and how long the process takes.
I need to talk to you about a leasehold property in Crowborough, I am considering buying at auction in the next few days. The flat only has a few years unexpired lease and I was wondering about how much it would cost to get a lease extension and for your services.
I am thinking about whether to purchase the freehold or a lease extension of my property in Crowborough and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with Aldermore to free up equity. My adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease commenced in 1981 and since then the ground rent has increased from £38.00 per annum to £300 per year.
I am about to view a one bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 74 years unexpired on the lease. It is also a repossession so I'm assuming that the lender will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
If a leaseholder 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 extending the lease?
Me and my OH are in the throws of buying a flat (a studio flat inCrowborough with share of freehold). Throughout our search, we were always looking at apartments that had a minimum ninety years left. We came across a flat we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. Yesterday our conveyancing practitioners informed us the lease only has 71 years and therefore needs a lease extension. Do we run away, or do 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?
I know that others in the same building had already had a lease extension, and the freeholder seemed reasonable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Would you suggest such a course of action?