Fairfield Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Fairfield Lease Extensions
Hello, I stumbled across this site. I'm looking for prices on what it cost to extend a lease of a a property in Fairfield. It's up for sale at the moment but has roughly 77 years left on the lease
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 have contacted my freeholder to extend my lease for my flat in Fairfield. Her conveyancers has been in contact with charges etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started January 199.
I will soon view a one bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has sixety nine years left on the lease. It is also a repo so I'm guessing that the bank will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
I am concerned that my daughter is being hoodwinked. She submitted an offer on a garden flat in Fairfield, where the lease is nearon 78 years but she was advised by the estate agents that the seller had extended it to 125 years. Only now has she been told the homeowner was holding off for her to instruct lawyers ahead of instigating the lease extension. Seems unscrupulous, also it may take months to sort it all out. Am I being too sceptical?
Me and my wife had entered into a purchase of a garden flat in Fairfield. I was assured that the lease had been extended (73 years outstanding prior to extension). The description on the listing stated "sold with a long lease". It turns out as we are about to exchange of contracts we find that the lease has not been extended. The current owner apparently has a quote but no finances to extend as a result the current owner wants to exchange and use the my deposit for the lease extension. My question is how is possible that the estate agent got it so wrong?
I am looking to buy a one bed flat in Fairfield for asking price of 125k, which has 76 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
My conveyancing practitioners (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
My brother and I have owned a leasehold flat for about twenty years. It now has 58 years outstanding on the lease. Following a year of protracted negotiations through my lawyers and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would welcome advice.
Me and my sister have been in discussion with our freeholder after having a valuation on our two bedroom second floor purpose built flat in Fairfield. We have a sixety eight year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a conveyancers to handle this for us. Can you please provide me what your costs would be to act on our behalf.