Garstang Lease Extension - Your Legal Fees Calculator
Garstang Lease Extensions: Q and A’s
I own a flat in Garstang with a leasehold unexpired nearly seventy four years and need a lease extension. Please can you clarify the next steps
Hello, I am looking somewhere around or in Garstang 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 928 years outstanding so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information would be much appreciated.
I am looking at acquiring an auction property and found a two bed flat in Garstang. It only has a fifty year lease..the vendor as mortgagees in possession will not want to mess around with seeking a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and reduced chance of obtaining a mortgage with Godiva Mortgages Ltd?
We have a first floor flat in Garstang with seventy two years remaining. Last year we were quoted a deal to receive a lease extension for another 25 years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 14k. We have now decided to proceed but do we now have to renegotiate?
Me and my OH had entered into buying a garden flat in Garstang. I was told that the lease had been extended (60 years unexpired lease prior to extension). The sales particulars said "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The homeowner supposedly has a quote but no money to extend and consequently the vendor intends to exchange and use the deposit monies for the lease extension. My question is is it not odd that my conveyancing practitioners failed to pick this up far earlier than just before exchange?
We would like to know the cost of a lease extension valuation for a property based in Garstang. Is this something you can help us with?
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?
My partner and I are acquiring a studio flat in Garstang which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced extending the lease. The seller’s lawyer has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our conveyancers 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 lawyers it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must be patient until the new lease is registered?
I have sixety years remaining on my lease of a ground floor flat in Garstang, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable