Groby and Ratby Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Groby and Ratby Lease Extensions
I am considering investing in a holiday home but it has a lease that expires in twenty years. Its in Groby and Ratby - I wanted to see if with your services this could be extended?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I own a maisonnette and the freehold. The owners of the downstairs flat have asked to extend the lease what do I need to do?
The intention is to sell our garden flat in Groby and Ratby but we may need a lease extension, or at least cover the costs of our purchaser. Can you recommend a solicitors to handle this?
I am a FTB of a leasehold flat in Groby and Ratby. The lease has just seventy two years left and ground rent is £50. Is it possible for the vendor to serve the Section 42 Notice and then transfer this right to me as the purchaser on the day of completion 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 achievable but will it be very time consuming to the seller? To add to the complexity the landlord can not be found, so I am not sure how does it work.
Coming up to two years that I have owned my one bedroom ground floor purpose built maisonette in Groby and Ratby. I have sixety seven years remaining on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners 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?
I am the registered freeholder to two flats. Someone has the lease on the ground flat in Groby and Ratby. I occupy in the upper flat. I was reviewing the land registry documents today when I noticed that my flat is leasehold. There is seventy five years unexpired. If I want to do a lease extension then would I simply be paying for the property lawyers costs?
I am the freeholder of a property in Groby and Ratby where the leaseholder has requested a lease extension. Her valuer has suggested a figure of £9,000, but has increased this by £2,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?
My wife and I are aware that others in the same block previously had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation fees. Would you recommend this course of action?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my studio flat in Groby and Ratby