I am about to put an offer in on a maisonette in Ely with a lease of fivety six years but have no idea how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
My neighbours and I are in a block comprising three flats in Ely 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?
We have a residential flat in Ely with 59 years unexpired. Ten months ago we were quoted a deal to have a lease extension for a further 25 years but also increase ground rent from nominal to a little more..plus a premium I think of approximately 9k. We have now decided to go ahead but do we now have to start the negotiations again?
I own 70% in a shared ownership flat 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 Ely and have a mortgage with Chelsea Building Society.
I'm living with my mum and dad but have a three bedroom ground floor purpose built maisonette in Ely let out which has a fivety nine year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Ely for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?
Just been over two years that I have owned my garden flat in Ely. I have sixety seven yrs left on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancers 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 funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
I have a flat in Ely with 65 years left on the lease. I need a lawyers to help me get a lease extension. Can you assist?
I'm intent on purchasing a flat in Ely at a price of £256,000 the flat has approaching 68 years left on the lease. I put in an offer conditional upon a lease extension... .. that was back in August, hoping I'd have completed before Christmas. The seller has just come back saying they'll reduce the price by£2k if I deal with the lease extension myself. I'm not sure whether that's a good idea
We currently own a 2 bed flat in Ely 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 58 years left. Not sure what to do, have read some bits on the web saying it will be 15k 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?
I'm looking for some advice with regard to a lease extension on my garden flat in Ely. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?