Empingham Lease Extension - Your Legal Fees Calculator
FAQs concerning Empingham Lease Extensions
I have got a leasehold flat in the Empingham area and was enquiring if I could obtain a lease extension. What are your processes and charges. Has 59 years left
We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 899 years residual lease term so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any information would be much appreciated.
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I am the owner of a maisonnette together with the freehold reversion. My upstairs neighbours have asked to extend the lease what do I need to do?
I have contacted my freeholder to extend my lease for my flat in Empingham. His property lawyers has been in contact concerning fees etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started March 1990.
I am a FTB of a leasehold flat in Empingham. The lease has only seventy six years outstanding and ground rent is £25. Is it possible for the seller to serve the Initial Notice and then transfer this right to me as the buyer on the day of completion so that I don't have to wait for the two 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 costly to the flat owner? To add to the complexity the landlord is absent, so I am not sure how does it work.
We have a first floor flat in Empingham with sixety six years remaining. Last year we were quoted a deal to receive a lease extension for another fifty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 10k. We have now decided to go ahead but do we now have to start the negotiations again?
I own a share of the freehold. There are four flats in the block. All the leaseholders are now requiring lease extensions. Are you willing to help us with this situation?
I intend to buy a one bed flat in Empingham for asking price of 156k, which has 79 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
I would like some advice on purchasing a leasehold residence. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Empingham area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?