Endon Lease Extension - Your Legal Fees Calculator
Questions and Answers: Endon Lease Extensions
I inherited a property in Endon and it has circa 75 years outstanding. I'd like to arrange a lease extension by twenty years
I need to extend my current lease can you help me with that? I think it has 72 years left
I am looking into the costs of carrying out a lease extension for my garden flat in Endon, and would like some figures on that.
I need to talk to you about a flat in Endon, I am thinking of buying at auction next week. The flat has a short lease and I was wondering about what it would cost to get a lease extension and for your services.
I own a share of the freehold. There are four flats in the block. All the leaseholders are now seeking lease extensions. Are you willing to help us with this situation?
Offer accepted on a a ground floor flat in Endon, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer in writing through the post which states the lease as 82 years.We are soon to exchange contracts within a week. My question is Have the estate agents breached any law by misrepresenting the position concerning the lease term?
Coming up to two years that I have been in my three bedroom second floor purpose built flat in Endon. I have 68 yrs remaining on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
If somebody owns a flat with a lease of under 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?
We are in the throws of buying a home (a one bed flat inEndon with share of freehold). Throughout our search, we were always looking at properties that had at least ninety years residual lease term. We came across a place we liked and the estate agent promised us that the lease was long albeit not specifying a number. Today our conveyancers advised us the lease only has 59 years and thus needs a lease extension. Should we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
We have a garden flat in Endon with a lease of 58 years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?