Great Yarmouth Lease Extension - Your Legal Fees Calculator
FAQs concerning Great Yarmouth Lease Extensions
I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leaseholders want to extend their leases and I'm curious about the procedure for this
We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 928 years remaining 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 correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any help would be much appreciated.
I am about to view a one bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 54 years unexpired on the lease. It is also a repo so I'm assuming that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
I am considering bidding for an auction property and found a two bed flat in Great Yarmouth. It has just 50 year lease..the current owner as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the drawbacks of this except for the costly fee to extend the lease and decreased chance of getting a mortgage with Godiva Mortgages Ltd?
Re a residence in Great Yarmouth. lower maisonette. 57 yrs unexpired. I have negotiated a lease extension price of £12,000 for 115yrs. Freeholder also insisted on Initial Notice which I think is a bit over the top. Can you assist.
I'm intent on buying an apartment in Great Yarmouth valued at £195,000 the flat has just under sixety one years unexpired on the lease. My offer was conditional upon a lease extension... .. that was back in November, hoping I'd have completed before now. They have just come back saying they are willing to knock £3k off if I deal with the lease extension myself. I'm not sure whether that's a good idea
My friend is worried about getting a lease extension from tricky freeholder. Even though the correct procedures were followed under the appropriate legislation, the freeholder still tried to charge ground rent of £250 increasing by 100% every 25 years of the new term. Can you help?
I am currently negotiating a lease extension for my flat in Great Yarmouth 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?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my 2 bed flat in Great Yarmouth
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in Great Yarmouth