Downe Lease Extension - Your Legal Fees Calculator
Downe Lease Extensions: Q and A’s
I’m about to offer on a one bedroom apartment to buy in the Downe area and was wondering what the likely fees would be to extend a lease? It has seventy nine years as a balance left...
I want to buy a leasehold property and extend the lease. The homeowner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I own a leasehold flat in Downe. I have built a big extension and have not informed the freeholder. What should I do?
I am a FTB of a leasehold flat in Downe. The lease has only 67 years balance left and ground rent is £75. Is it possible for the flat owner to serve the Initial Notice and then assign over the right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the current owner? To add to the complexity it’s the case of an absent landlord, so I am not sure how does it work.
I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 58 years. I need a conveyancing practitioners at my end. Can you advise please? I live near Downe and have a mortgage with Lloyds TSB Bank.
It says on your website the likely fee for dealing with a lease extension is £495. Is that the total cost including value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my garden flat in Downe
I have a leasehold property in Downe with 76 years unexpired on the lease. I am looking for a property lawyers to help me obtain a lease extension. Can you help?
I'm looking at buying a flat in Downe valued at £256,000 the flat has approximately 75 years remaining on the lease. I put in an offer conditional upon a lease extension... .. that was back in August, expecting I'd have completed by now. The owner has just come back saying they are willing to knock £5k off if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
My and my husband know that others in the same building previously had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the prices by others . This would save on double valuation fees. Would you recommend such a course of action?
I am currently negotiating a lease extension for my flat in Downe as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?