Gosforth Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Gosforth Lease Extensions
I am looking for a lease extension on the lease on my studio flat in Gosforth which will have seventy eight years outstanding in January. What fees are applicable?
We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 899 years balance left so a lease extension is not required. 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 correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any help would be much appreciated.
I purchased a garden flat in Gosforth with a leasehold unexpired of 60 years. I am enquiring about how much it will cost me to extend my lease
I am looking into the costs of carrying out a lease extension for my one bed flat in Gosforth, and would like some figures on that.
My husband and I have a leasehold flat in Gosforth with 75 years left. Ten months ago we were quoted a deal to have a lease extension for a further fifty years but also increase ground rent from nominal to a little more..plus a premium I think of about 14k. We have now decided to proceed but do we now have to start the negotiations again?
Just been over two years that I have been in my studio flat in Gosforth. I have 69 yrs unexpired lease on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 320K, 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?
We are acquiring a studio flat in Gosforth which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of extending the lease. The seller 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 house buying process is for our conveyancers to do a "priority search" on the property title. The concern 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 property title number has not been issued. Is it correct that we must hold on until the lease extension has actually been registered before completing.?
I own the freehold to two flats. Someone has the lease on the ground flat in Gosforth. I live in the upper flat. I was reviewing the title deeds yesterday when I noticed that my flat is leasehold. There is fivety eight years left. Can one carry out a lease extension without instructing a solicitors?
I am the freeholder of a property in Gosforth where the leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what fee would I be likely to face?
I am currently in the process of remortgaging my studio flat in Gosforth and the bank that I am looking to switch to needs a minimum 80 years on the leasehold of my property in order for them to take the mortgage forward. I have found that I currently have around 66 years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension