Holly Village Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Holly Village Lease Extensions
I am looking at investing in a holiday home but it has a lease that expires in fifteen years. Its in Holly Village - I wanted to see if with your services this could be extended?
I want to acquire a leasehold property and extend the lease. The owner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I would like to have my residential flat leasehold extension premium valued. The flat is in Holly Village, and my lease will reach fivety seven years this January. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
Is it possible to talk with you about an apartment in Holly Village, I am thinking of bidding at auction next month. The flat only has a few years outstanding and I was wondering about how much it would cost to get a lease extension and for your services.
I am a freeholder of a block of flats in Holly Village, and the tenants are in the process of being given lease extensions. I should hopefully get funds next week. As I am not on self assessment do I contact the tax authorities ?
My brother and I had entered into a purchase of a garden flat in Holly Village. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety four years left prior to extension). The sales particulars stated "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 owner supposedly has a quote but no funds to extend as a result the seller wants to exchange and use the deposit monies for the lease extension. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?
I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
We have owned a leasehold flat for around twenty years. There are sixety four years unexpired lease on the lease. After a year of protracted negotiations through my conveyancing practitioners and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would welcome advice.
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 know that others in the same block previously had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Is this advisable?