Endon Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Endon Lease Extensions
I’ve just acquired a maisonette located inEndon and I'm deliberating extending the lease as soon as practicable e.g. in a couple of years
I’m about to offer on a three bedroom ground floor purpose built maisonette to buy in the Endon area and was enquiring how much would it cost for a lease extension? It has 64 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 left 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 true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any help would be much appreciated.
My co-lessees and I are in a building of five flats in Endon and have been offered to buy the freehold for £3,500 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?
Think I may have made an error, I am seeking a solicitors in Endon who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can help me with?
I am looking to either purchase the freehold or a lease extension of my property in Endon and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with Birmingham Midshires to free up equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease commenced in 1991 and since then the ground rent has increased from £15.00 per year to £300 per annum.
We have a leasehold flat in Endon with sixety four years unexpired. Ten months ago we were quoted a deal to have a lease extension for a further thirty years but also increase ground rent from nominal to £250 per annum..plus a premium I think of approximately 16k. Finally we have decided to move forward but do we now have to renegotiate?
My father has a share of freehold, with two other leaseholders in a building in Endon. House split into three flats. He has a lease, which has about sixety four yrs unexpired lease. 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 2 years that I have been in my studio flat in Endon. I have 56 yrs remaining on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 445k. 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: Is there a benefit in getting a Endon based solicitors or any will do fine?
We currently own a one bed flat in Endon 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 fivety six years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?