Harbury Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Harbury Lease Extensions
My name´s Harrison. I’m flat hunting in Harbury I'm deliberating offering on a ground floor flat online, with nearly 79 years left, how much will it likely cost to extend in this area by, say, fifty years?
I have an interest in the freehold of buildings comprising of seven flats each. Two of the leaseholders want a lease extension and I'm wondering about the procedure for this
We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 798 years remaining so a lease extension is not a worry. 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 true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any feedback would be much appreciated.
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?
My co-lessees and I are in a building made up three flats in Harbury and have been offered to buy the freehold for 5k 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 at bidding for an auction property and came upon a two bed flat in Harbury. It only has a fifty-one year lease..the current owner as mortgagees in possession dont want to mess around with seeking a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and decreased chance of obtaining a mortgage with National Westminster Bank?
Me and my OH have owned a leasehold flat for approximately eighteen years. It now has sixety two years remaining on the lease. Following a year of difficult negotiations through my property lawyers and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.
I'm intent on purchasing a flat in Harbury valued at £195,000 the flat has just under seventy six years left on the lease. My offer was subject to the lease being renewed... .. that was back in August, hoping I'd have moved in before Christmas. They have just informed the agent that they are prepared to reduce the price by£7k if I deal with the lease extension myself. I'm unsure whether that's a good idea
Me and my husband are buying a garden flat in Harbury which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced dealing with a lease extension. The seller has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our conveyancing practitioners to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we must be patient pending registration of the new lease?
My and my husband are concerned about getting a lease extension from tricky freeholder. Notwithstanding that the legal procedures were followed under the appropriate legislation, the landlord still tried to charge ground rent of £250 increasing by 100% every 25 years of the new lease. Can you help?