Esher and Claygate Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Esher and Claygate Lease Extensions
We have seen a house for sale for £195k and we are very keen on but we've just discovered 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 25 years without the house being ours. Any suggestions would be much appreciated.
Hi. I need someone to have a look at my lease extension prior to it being completed just to ensure there's nothing that I haven't seen - it's just a reissue with a few small variations.
I inherited a garden flat in Esher and Claygate with a leasehold unexpired of 72 years. I am wondering about what it will cost me to extend my leasehold
I own a maisonnette together with the freehold. The owners of the upstairs flat have asked for a lease extension what do I need to do?
Think I may have made a mistake, I am searching for a conveyancing practitioners in Esher and Claygate who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to assist me with?
I need to talk to you about a leasehold property in Esher and Claygate, I am thinking of buying at auction in the next few days. The flat has a short lease and I was wondering about how much it would cost to get a lease extension and for your services.
I an interested in finding out more about purchasing a leasehold residence. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Esher and Claygate area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
Coming up to 2 years that I have been in my one bedroom ground floor purpose built flat in Esher and Claygate. I have 69 yrs unexpired lease 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 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: 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 somebody 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 currently negotiating a lease extension for my flat in Esher and Claygate as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?