Duston Lease Extension - Your Legal Fees Calculator
Questions and Answers: Duston Lease Extensions
I'm intending to make an offer on a house in Duston but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Bank of Ireland giving us the mortgage now?
I have been in touch with my freeholder to extend my lease for my flat in Duston. Her solicitors has been in contact concerning charges etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started June 1987.
My neighbours and I are in a building comprising four flats in Duston and have been offered to buy the freehold for 5k 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?
I am a first time buyer of a leasehold flat in Duston. The lease has just 73 years remaining and ground rent is £95. Is it possible for the flat owner to serve the Section 42 Notice and then assign this right to me as the buyer once I complete the buying process so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the owner? To add to the complexity the freeholder is absent, so I am not sure how does it work.
I am looking at buying an auction property and came upon a one bed flat in Duston. It only has a 41 year lease..the seller being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and decreased chance of getting a mortgage with TSB?
I am hoping to extend the lease on my garden flat in Duston I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
I note that your website states the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost including vat and the HMLR fee? The price has already been negotiated with the freeholder for the lease extension for my one bed flat in Duston
I'm intent on acquiring a flat in Duston at a price of £195,000 the flat has approximately 56 years left on the lease. I put in an offer subject to a lease extension... .. that was back in September, hoping I'd have moved in by Christmas. They have just come back saying that they are prepared to reduce the price by£2k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
We currently own a maisonette in Duston and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy one years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
We have a three bed flat in Duston with a lease of 62 years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?