Hellesdon Lease Extension - Your Legal Fees Calculator
Hellesdon Lease Extensions: Q and A’s
Hi, I stumbled upon this website. I'm looking for prices on what a lease extension will cost for a studio flat located in Hellesdon. It's up for sale at the moment but has approximately 64 years left on the lease
I want to purchase a leasehold property and lease extension. The owner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 798 years outstanding 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 twenty years without owning the property. Any help would be much appreciated.
I'm deliberating over purchasing a garden flat (leasehold) but the landlord has been missing for around 15yrs. My question is would it be cheaper to try to buy the freehold or to get a lease extension and apply for right to manage?
I am thinking about whether to purchase the freehold or a lease extension of my property in Hellesdon and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Birmingham Midshires to release of equity. My adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease began in 1972 and since then the ground rent has been raised from £38.00 per annum to £300 per year.
I am a FTB of a leasehold flat in Hellesdon. The lease has just 67 years unexpired and ground rent is £25. Is it possible for the owner to serve the Initial Notice and then transfer over the right to me as the purchaser on the day of completion so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the seller? Unfortunately it’s the case of an absent landlord, so I am not sure how this will play out.
My partner and I have owned a leasehold flat for around twenty years. There are 79 years left on the lease. Following a year of difficult negotiations through my solicitors and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would welcome some independent thoughts.
Just been over two years that I have owned my ground floor flat in Hellesdon. I have 77 yrs outstanding on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
I own the freehold reversion of a property in Hellesdon and a leaseholder would like a lease extension. Her so called valuation expert has given a figure of £8,000, but has upped this to £10,000 without too much effort. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to incur?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Hellesdon