Henbury Lease Extension - Your Legal Fees Calculator
Henbury Lease Extensions: Q and A’s
I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has sixety four years balance left.
I am looking into the costs of carrying out a lease extension for my maisonette in Henbury, and would like some figures on that.
I am concerned that my niece is being hoodwinked. She submitted an offer on a three bed flat in Henbury, where the lease is roughly sixety years but she was informed by the selling agents that the seller had extended it to 125 years. She has now been advised the owner was waiting for her to retain solicitors ahead of instigating the lease extension. Sounds odd to me, also it may take months to sort it all out. Am I being too sceptical?
I am a landlord of a block of flats in Henbury, and the leaseholders are in the process of being issued lease extensions. I should hopefully get funds next month. Are there any tax implications, the property is in joint names with my husband ?
I am looking at bidding for an auction property and identified a studio flat in Henbury. It has just 48 year lease..the seller as mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and decreased chance of getting a mortgage with Bank of Ireland?
My husband and I have a ground floor flat in Henbury with sixety six years to run. Last year we were quoted a deal to grant a lease extension for a further 25 years but also uplift the ground rent from nominal to a little more..plus a premium I think of about 16k. Finally we have decided to proceed but do we now have to start the negotiations again?
I an interested in finding out more about purchasing a leasehold residence. We are going to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Henbury area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
I'm looking at purchasing an apartment in Henbury at a price of £256,000 the flat has approximately 70 years remaining on the lease. I put in an offer conditional upon a lease extension... .. that was back in August, expecting I'd have moved in by Christmas. The seller has just come back saying they'll knock £3k off if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
I'm hoping for some advice concerning extending the lease on my maisonette. I'll be looking to do this in six months time as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?