Downham Lease Extension - Your Legal Fees Calculator
FAQs concerning Downham Lease Extensions
My name´s Hunter. I’m property hunting in Downham I'm seeing a three bedroom second floor purpose built maisonette online, with around 79 years unexpired lease, how much does it cost on average to extend in this area by, say, 45 years?
My neighbours and I are in a block containing four flats in Downham and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
The terms for the lease on my flat in Downham are 95 years from 1 Sep 1989. Please provide me a quote for a lease extension if I give you more information please?
I'm looking for an apartment to purchase in Downham and I'm not really familiar with the leasehold arrangement. I've identified a three bed flat I like with a 82 years lease. I've read that I can get a lease extension having owned the property for a couple of years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
My mortgage lender is requesting a £500 fee for their conveyancers to agree a lease extension for my flat in Downham... I can find no mention of this in my mortgage guide... is this a usual fee to pay?
I am considering bidding for an auction property and came upon a studio flat in Downham. It only has a 50 year lease..the current owner being mortgagees in possession dont want to mess around with applying for a lease extension..what are the disadvantages of this other than the costly fee to extend the lease and reduced chance of obtaining a mortgage with HSBC Bank?
My brother has a share of freehold, with two other leaseholders in a building in Downham. House converted into three apartments. He has a lease, which has approximately fivety eight years unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
We have been in discussion with our freeholder after having a valuation on our three bedroom ground floor purpose built maisonette in Downham. We have a 75 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount 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 lawyers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Downham for a two bed flat - section 42 is already served?
I am currently negotiating a lease extension for my flat in Downham 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?