Hebburn Lease Extension - Your Legal Fees Calculator
Common questions relating to Hebburn Lease Extensions
I have just purchased a ground floor flat based inHebburn and I'm thinking about a lease extension as soon as possible e.g. in 24 months of ownership
I’m just looking for a one bedroom first floor purpose built flat to purchase in the Hebburn area and was interested in finding out what the likely fees would be for a lease extension? It has 71 years left...
I'm about to make an offer on a house in Hebburn but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Lloyds TSB Bank giving us the mortgage now?
I'm considering purchasing a garden flat (leasehold) but the freeholder has been absent for about 15yrs. I wonder whether it will be cheaper to try to acquire the reversionary title or to get a lease extension and apply for RTM?
We are considering purchasing a one bedroom apartment in Hebburn which is a leasehold. I am wondering what are the advantages and disadvantages of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from extending the lease?
My OH and I had entered into buying a studio flat in Hebburn. I was advised by the EA that the lease extension had already been completed while on a viewing (66 years remaining prior to extension). The sales particulars said "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The homeowner supposedly has a quote but no money to extend as a result the flat owner intends to exchange and use the deposit monies to extend the lease. My question is is it not odd that my conveyancers didn't pick this up far earlier than just before exchange?
I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 54 years. I need a lawyers at my end. Can you advise please? I live near Hebburn and have a mortgage with Virgin Money.
Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Hebburn for a two bed flat - section 42 is already in place?
I am planning on remortgaging my maisonette in Hebburn and the next lender that I am looking to move to needs a minimum 80 years remaining on the lease in order for them to take the mortgage forward. I have found that I currently have around fivety eight years on the leasehold so require some help, guidance, and some quotes to start the lease extension process
I am currently negotiating a lease extension for my flat in Hebburn 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?