Recently asked questions relating to Diss Lease Extensions
I have a lease of sixety five years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
I am looking to purchase a garden flat in Diss with a lease of 64 years but have no idea how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
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 plan on buying a flat located in Diss. The offer is subject to the lease extension. The homeowner’s conveyancing practitioners has given to the freeholder the Section 42 Notice. 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 Lloyds TSB Bank. Moreover, which are the following lease extension steps to complete the purchase?
Regarding a property in Diss. lower maisonette. sixety yrs unexpired. I have negotiated a lease extension price of £14k for 135yrs. Freeholder also insisted on Notice of Claim which I think should not be required. Can you assist.
My apartment in Diss 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. How much does it cost on average to extend in this location by, say,45 years
We would like to extend our lease. We will have been in the property for two years as of 22nd March 2016. It has about fivety five years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.
I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 63 years. I need a lawyers at my end. Can you advise please? I live near Diss and have a mortgage with Barclays .
Coming up to two years that I have owned my garden flat in Diss. I have seventy five years outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Diss based property lawyers or any will do fine?
I own the freehold reversion of a property in Diss where the leaseholder would like a lease extension. Her valuer has given a figure of £9,000, but has upped this to £10,000 without too much effort. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to face?