Dorridge Lease Extension - Your Legal Fees Calculator
Dorridge Lease Extensions: Q and A’s
My partner has an apartment located in Dorridge which we have just put on the market. The leasehold has nearly 59 years remaining on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Thank you.
I have contacted my freeholder to extend my lease for my flat in Dorridge. Her conveyancers has been in contact concerning costs etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started April 1993.
I plan on buying a flat located in Dorridge. My offer is subject to the lease extension. The seller’s lawyers 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 Nationwide Building Society. Moreover, which are the following lease extension steps to complete the purchase?
Re a residence in Dorridge. lower maisonette. sixety nine yrs unexpired. I have an agreed lease extension to £12,000 for 135yrs. Landlord also insisted on Initial Notice which I think is a bit over the top. Can you assist.
My conveyancing practitioners (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I'm living with my parents but have a garden flat in Dorridge let out which has a fivety five year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Dorridge for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
If somebody 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 extending the lease?
Me and my sister have been in discussion with our freeholder after having a valuation on our garden flat in Dorridge. We have a 68 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a solicitors to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
I have a leasehold property in Dorridge with sixety four years left on the lease. I am looking for a conveyancers to act for me to achieve a lease extension. Can you help?
I own the freehold reversion of a property in Dorridge and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has increased this by £2,000 without too much effort. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to incur?