Fetcham Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Fetcham Lease Extensions
My name´s Liam. I’m house hunting in Fetcham I'm thinking about offering on a garden flat online, with approximately sixety five years left, how much will it likely cost to extend in this location by, say, thirty years?
I am looking into the costs of carrying out a lease extension for my first floor flat in Fetcham, and would like some figures on that.
I own a leasehold apartment in Fetcham. I have built a large extension and have not informed the freeholder. What are my options?
I am about to view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has sixety six years outstanding on the lease. It is also a repo so I'm assuming that the lender will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
We have a first floor flat in Fetcham with 68 years left. Last year we were quoted a deal to receive a lease extension for a further thirty years but also uplift the ground rent from nominal to £200 per year..plus a premium I think of approximately 9k. We have now decided to move forward but do we now have to renegotiate?
I intend to buy a one bed flat in Fetcham for asking price of 145k, which has fivety four years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder 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 2 years that I have owned my three bedroom second floor purpose built flat in Fetcham. I have 72 yrs remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 445k. 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: In terms of surveyors - how do I go about finding one?
If somebody owns a flat with a lease of under 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 doing it?
Me and my OH are purchasing a garden flat in Fetcham which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our lawyers to do a "priority search" on the property title. The problem here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we must hold on until the lease extension has actually been registered before completing.?
My wife and I are aware that others in the same block had already had a lease extension, and the freeholder seemed reasonable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Would you suggest this course of action?