Top Ten Questions relating to Hook Lease Extensions
I have a lease of 79 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
The intention is to sell our garden flat in Hook but we may need to extend the lease, or at least cover the expense of our purchaser. Are you able to recommend someone to help us?
I am thinking about purchasing an auction property and found a one bed flat in Hook. It only has a 41 year lease..the seller as mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this other than the expensive fee to put a new lease on it and decreased chance of obtaining a mortgage with Virgin Money?
I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I commence the process, is this correct?
My brother has a share of freehold, with two other leaseholders in a building in Hook. House split into three flats. He has a lease, which has around 78 yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
I'm living with my parents but have a ground floor flat in Hook let out which has a 54 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Hook for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
My wife and I are concerned about seeking a lease extension from an objectionable landlord. Even though the legal procedures were adhered to under the appropriate legislation, the landlord still attempted to charge ground rent of £300 doubling every twenty years of the new term. Can you help?
My and my partner know that others in the same building had already had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?
We currently own a maisonette in Hook and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy two years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?