Freshwater Bay Lease Extension - Your Legal Fees Calculator
Questions and Answers: Freshwater Bay Lease Extensions
We are looking for lease extension for our garden flat based in Freshwater Bay and we are confused by the letter that we received from our freehold company. Are you willing to assist us with this situation?
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 bought a garden flat in Freshwater Bay. The lease commenced in 1997 for 99 years. Now I am looking to extend the lease. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
I need to talk to you about a leasehold property in Freshwater Bay, I am thinking of buying at auction in the next few days. The flat only has a few years remaining and I wanted to inquire about how much it would cost to get a lease extension and for your services.
I'm looking for an apartment to buy in Freshwater Bay and I'm not really familiar with the leasehold title. I've identified a two bedroom first floor purpose built maisonette I like with a 87 years lease. My research reveals that I can apply for a lease extension having owned the property for a couple of years, but:- Should I be looking at some conditions that would prevent me for getting a lease extension?
I am considering acquiring an auction property and identified a two bed flat in Freshwater Bay. It has just fifty year lease..the current owner being mortgagees in possession dont want to mess around with seeking a lease extension..what are the disadvantages of this other than the expensive fee to put a new lease on it and decreased chance of getting a mortgage with Barnsley Building Society?
Coming up to two years that I have been in my ground floor flat in Freshwater Bay. I have 74 years left on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my property 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 funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
We are buying a maisonette in Freshwater Bay which has share of freehold and a leasehold. The lease was starting to get low so the seller is in the process of extending the lease. 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 property lawyers to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our conveyancers it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we must be patient until the lease extension has actually been registered before completing.?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Freshwater Bay
Do you handle lease extensions on land? (a plot of land in Freshwater Bay with 82yrs remaining)