Highcliffe Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Highcliffe Lease Extensions
I am looking for a lease extension on the lease on my one bedroom apartment in Highcliffe which will have sixety four years unexpired lease in September. What fees are applicable?
Hi. I need someone to have a look at my lease extension prior to it being formalised just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor variations.
I'm looking for an apartment to buy in Highcliffe and I'm not really familiar with the leasehold arrangement. I've identified a three bed flat I like with a 91 years lease. I've read that I can go for a lease extension after 2 years, but:- Should I anticipate any issue with the mortgage?
I will soon view a two bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has seventy nine years outstanding on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
I am a first time buyer of a leasehold flat in Highcliffe. The lease has only fivety eight years residual lease term and ground rent is £50. Is it possible for the seller to serve the Initial Notice and then transfer over the right to me as the purchaser once I complete the buying process so that I don't have to wait 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 achievable but will it be very time consuming to the current owner? To add to the complexity it’s the case of an missing landlord, so I am not sure how this will play out.
My mortgage lender is requesting a £450 fee for their property lawyers for a "deed of substituted security" for the lease extension for my flat in Highcliffe... I am unable to find any mention of this in my mortgage booklet... is this a usual charge?
I am a landlord of a block of flats in Highcliffe, and the tenants are in the process of being granted lease extensions. I anticipate receiving the money within a month or so. How does the tax work, the property is co-owned with my husband ?
Just been over 2 years that I have owned my garden flat in Highcliffe. I have fivety eight years remaining on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my lawyers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
I am currently negotiating a lease extension for my flat in Highcliffe 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?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my studio flat in Highcliffe