Great Shelford Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Great Shelford Lease Extensions
I need to extend my current lease can you help me with that? I think it has 61 years outstanding
I want to acquire a leasehold property and lease extension. The seller has been there for four years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
Hello. I need someone to review my lease extension ahead of it being signed just to ensure there's nothing that I haven't seen - it's just a reissue with a few small changes.
We are in a block comprising three flats in Great Shelford and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I am looking into the costs of carrying out a lease extension for my maisonette in Great Shelford, and would like some figures on that.
I'm looking for an apartment to buy in Great Shelford and I'm not really familiar with the leasehold title. I've identified a garden flat I like with a 91 years lease. I've read that I can go for a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with the mortgage?
I am concerned that my daughter might be having the wool pulled over her eyes. She submitted an offer on a garden flat in Great Shelford, where the lease is circa 69 years but she was advised by the selling agents that the owner had extended it to 99 years. She has now been advised the homeowner was holding off for her to instruct lawyers prior to commencing with the lease extension. Seems underhand, also it will take months to sort it all out. Am I reading too much into it?
If somebody 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 doing it?
Me and my fiance are purchasing a garden flat in Great Shelford which has share of freehold and a leasehold. The lease was on the short side so the seller commenced extending the lease. The owner 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 solicitors to do a pre-completion search on the lease. The concern 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 have to hold on until the lease extension has actually been registered before completing.?
My wife and I are in the throws of buying a home (a ground floor flat located inGreat Shelford with share of freehold). Throughout our search, we were always looking at properties that had at least 84 years outstanding. We identified a apartment we liked and the selling agent assured that the lease term was not an issue. This morning our lawyers advised us the lease only has 79 years and therefore needs a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?