Gerrards Cross Lease Extension - Your Legal Fees Calculator
FAQs concerning Gerrards Cross Lease Extensions
Me and my partner are looking for lease extension for our ground floor flat located in Gerrards Cross and we don't fully understand the communication that we received from our freehold company. How long will it take?
My name´s Owen. I’m house hunting in Gerrards Cross I'm seeing a ground floor flat online, with circa 62 years unexpired lease, how much will it likely cost to get a lease extension by, say, 35 years?
I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 63 years balance left.
I'm planning on purchasing a garden flat (leasehold) but the freeholder has been missing for just over 15yrs. I wonder whether it will be less expensive to try to acquire the reversionary title or to get a lease extension and apply for right to manage?
I am a FTB of a leasehold flat in Gerrards Cross. The lease has just 66 years outstanding and ground rent is £25. Is it possible for the current owner to serve the Initial Notice and then transfer this right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the current owner? To add to the complexity it’s the case of an missing freeholder, so I am not sure how this will play out.
I am concerned that my niece is being hoodwinked. She submitted an offer on a ground floor flat in Gerrards Cross, where the lease is just under seventy four years but she was informed by the estate agents that the vendor had extended it to 125 years. She has now been informed the seller was waiting for her to instruct conveyancers before commencing with the lease extension. Seems odd to me, also it may take a while to sort it all out. Am I reading too much into it?
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?
My nephew is worried about obtaining a lease extension from a difficult landlord. Notwithstanding that the legal procedures were followed under the 1993 Act, the landlord still tried to charge ground rent of £250 increasing by 100% every twenty five years of the new lease. Can you assist?
We currently own a ground floor flat in Gerrards Cross and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy eight years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
I am currently negotiating a lease extension for my flat in Gerrards Cross as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?