East Coker Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to East Coker Lease Extensions
20,000 agreed with the landlord, just attempting to find a East Coker conveyancers for a lease extension. Our flat has roughly fivety five yrsunexpired lease. What's your legal fee ?
I'm intending to make an offer on a house in East Coker but I'm a little worried 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 Virgin Money giving us the mortgage now?
I want to purchase a leasehold property and extend the lease. The current owner has been there for four years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I'm considering purchasing a maisonette (leasehold) but the landlord has been missing for nearon 15yrs. My query is would it be cheaper to try to purchase the freehold or to get a lease extension and apply for right to manage?
I am looking into the costs of carrying out a lease extension for my ground floor flat in East Coker, and would like some figures on that.
I am looking to either purchase the freehold or a lease extension of my property in East Coker and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with Barnsley Building Society to free up equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease began in 1991 and since then the ground rent has increased from £38.00 per year to £125 per year.
I am thinking about bidding for an auction property and came upon a two bed flat in East Coker. It has just fifty-one year lease..the vendor as mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this other than the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with Barclays ?
My lawyers (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?
If a leaseholder 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?
I note that your website states the likely fee to extend a lease is £495. Is that the total cost excluding value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my one bedroom apartment in East Coker