Hazlemere Lease Extension - Your Legal Fees Calculator
Common questions relating to Hazlemere Lease Extensions
Hello, I stumbled across this site. I'm looking for prices on what a lease extension will cost for a ground floor flat based in Hazlemere. It's up for sale at the moment but has roughly fivety nine years left on the lease
My mortgage lender is requesting a £600 fee for their solicitors for a "deed of substituted security" for the lease extension for my flat in Hazlemere... I am unable to find any mention of this in my mortgage contract... is this a standard charge?
I am a landlord of a block of flats in Hazlemere, and the tenants are in the process of being issued lease extensions. I should hopefully get funds within a month or so. Are there any tax implications, the property is co-owned with my wife ?
Me and my husband had entered into a purchase of a ground floor flat in Hazlemere. I was advised by the EA that the lease extension had already been completed while on a viewing (73 years remaining prior to extension). The description on the listing stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The owner supposedly has a quote but no money to extend as a result the owner intends to exchange and use the 10% deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that Leeds Building Society won't lend on a lease?
I intend to buy a one bed flat in Hazlemere for asking price of 125k, which has sixety one years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
My lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I'm living at mum and dad but have a two bedroom ground floor purpose built flat in Hazlemere let out which has a sixety nine year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Hazlemere for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?
Me and my sister are purchasing a ground floor flat in Hazlemere which has share of freehold and a leasehold. The lease was on the short side so the owner commenced extending the lease. The vendor has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our property lawyers to do a pre-completion search on the property title. 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 property title number is not known. Is it correct that we have to be patient until the lease extension has actually been registered before completing.?
My sister is worried about obtaining a lease extension from a difficult landlord. Even though the correct procedures were followed under the appropriate legislation, the freeholder still attempted to get ground rent of £250 doubling every twenty five years of the new term. Can you help?
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Hazlemere