Hermitage Lease Extension - Your Legal Fees Calculator
Sample questions relating to Hermitage Lease Extensions
I’m about to offer on a garden flat to buy in the Hermitage area and was interested in finding out how much would it cost for a lease extension? It has 54 years remaining...
I have shares in the freehold of buildings comprising of six flats each. 2 of the leaseholders want a lease extension and I'm curious about the procedure for this
We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 928 years left so a lease extension is not an issue. 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 25 years without the house being ours. Any feedback would be much appreciated.
I would like to have my residential flat leasehold extension premium valued. The flat is in Hermitage, and my lease will reach 65 years this November. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
The terms for the lease on my apartment in Hermitage are 95 years from 10 Feb 1990. Please give me a quote for a lease extension if I give you more details please?
I am looking to either purchase the freehold or a lease extension of my property in Hermitage and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously remortgage with Britannia to release of equity. My broker handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease began in 1979 and since then the ground rent has been raised from £25.00 per annum to £200 per year.
I'm looking for an apartment to purchase in Hermitage and I'm not really familiar with the leasehold arrangement. I've found a one bedroom apartment I like with a 91 years lease. My research reveals that I can go for a lease extension after a couple of years, but:- Is this a given?
I'm intent on purchasing a flat in Hermitage at a price of £195,000 the flat has something like 61 years unexpired on the lease. I put in an offer conditional upon a lease extension... .. that was back in August, hoping I'd have moved in before now. They have just informed the agent that they are prepared to knock £4k off if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
I am planning on remortgaging my one bedroom apartment in Hermitage and the next lender that I am looking to move to requires a minimum 80 years remaining on the lease in order for them to take the mortgage forward. We currently have around 60 years on the leasehold so looking for some help, guidance, and some quotes to get the wheels in motion for a lease extension
I am currently negotiating a lease extension for my flat in Hermitage 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?