East Hunsbury Lease Extension - Your Legal Fees Calculator
FAQs concerning East Hunsbury Lease Extensions
I am the registered owner of a one bedroom apartment located in East Hunsbury with a leasehold unexpired of sixety three years. I am curious about how much it will cost me to extend my lease term
I am about to put an offer in on a three bed flat in East Hunsbury with a lease of 75 years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
I am looking into the costs of carrying out a lease extension for my garden flat in East Hunsbury, and would like some figures on that.
I am concerned that my daughter might have had the wool pulled over her eyes. She submitted an offer on a one bed flat in East Hunsbury, where the lease is around seventy years but she was told by the selling agents that the seller had extended it to 125 years. She has now been told the current owner was holding off for her to appoint solicitors ahead of instigating the lease extension. Sounds unscrupulous, also it will take a while to sort it all out. Am I being too sceptical?
I am the owner of a purpose-built flat located in a small block in East Hunsbury. The leasehold interest in the flat on a 101 year lease which commenced on 21st October 1970 with a non-reviewable yearly rent of 20. I would like to obtain a lease extension. Is it possible for me to call someone to go through my options please?
My brother has a share of freehold, with two other leaseholders in a building in East Hunsbury. House split into three flats. He has a lease, which has slightly less than seventy four years outstanding. 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?
Coming up to two years that I have owned my one bedroom apartment in East Hunsbury. I have sixety years left on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
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 am concerned about obtaining a lease extension from tricky landlord. Regardless of the fact that the legal procedures were adhered to under the 1993 Act, the landlord still attempted to get ground rent of £200 doubling every twenty years of the new term. Can you help?
My and my fiance know that others in the same block previously had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on previous premiums paid . This would save on double valuation fees. Would you recommend such a course of action?