Ferring and Goring Lease Extension - Your Legal Fees Calculator
Common questions relating to Ferring and Goring Lease Extensions
I am considering investing in a second home but it has a lease that expires in 14 years. Its in Ferring and Goring - I wanted to see if with your services this could be extended?
I bought a studio flat in Ferring and Goring. The lease started in 1997 for 99 years. Now I am wanting to extend the lease. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
My neighbours and I are in a building consisting of four flats in Ferring and Goring 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?
I am looking into the costs of carrying out a lease extension for my 2 bed flat in Ferring and Goring, and would like some figures on that.
I am about to view a two bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 58 years unexpired on the lease. It is also a repo so I'm guessing that the lender will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
My OH and I are proceeding with buying a ground floor flat in Ferring and Goring. I was advised by the EA that the lease extension had already been completed while on a viewing (fivety six years outstanding prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The current owner apparently has a quote but no money to extend as a result the owner wishes to exchange and use the my deposit for the lease extension. My question is why has this only just been brought to my attention by my conveyancers?
I am looking to buy a one bed flat in Ferring and Goring for asking price of 156k, which has seventy one 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 surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
Coming up to two years that I have been in my one bedroom apartment in Ferring and Goring. I have sixety one years left on the lease. I am now wanting to buy 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 lawyers 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 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 have 72 years remaining on my lease of a ground floor flat in Ferring and Goring, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable