Fairbourne Lease Extension - Your Legal Fees Calculator
Sample questions relating to Fairbourne Lease Extensions
I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has 72 years outstanding
I am a landlord of a block of flats in Fairbourne, and the lessees are in the process of being given lease extensions. I anticipate receiving funds next month. As I am not on self assessment do I write to HMRC ?
We have owned a leasehold flat for around eighteen years. It now has 72 years remaining on the lease. After a year of difficult negotiations through my conveyancers and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would welcome advice.
I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety years. I need a solicitors at my end. Can you advise please? I live near Fairbourne and have a mortgage with Lloyds TSB Bank.
My fiance and I would like to know the cost of a lease extension valuation for a property based in Fairbourne. Would you be able to help?
I'm living with my mother and father but have a garden flat in Fairbourne let out which has a 57 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 Fairbourne 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?
Coming up to two years that I have been in my studio flat in Fairbourne. I have 59 yrs left on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 342K, 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 LVT)?
If a leaseholder 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 Fairbourne 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?
I have a lease of 75 years remaining on my flat in Fairbourne. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?