Recently asked questions relating to Hope Lease Extensions
I purchased a property in Hope and it has nearly 77 years remaining. I'd like to extend the lease period
I'm planning to make an offer on a house in Hope but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Platform Home Loans Ltd giving us the mortgage now?
My brother and I are considering purchasing a studio flat in Hope which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
I intend to buy a one bed flat in Hope for asking price of 145k, which has seventy nine years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
We have owned a leasehold flat for about eighteen years. There are 61 years remaining on the lease. Following a year of protracted negotiations through my lawyers and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Hope. I would be grateful if you can give me a call when you get a chance to discuss the case.
Just been over two years that I have owned my one bedroom apartment in Hope. I have 77 yrs unexpired lease on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
Me and my partner are hoping to acquire a property (a studio flat located inHope with share of freehold). Throughout our search, we were always looking at properties that had a minimum 83 years residual lease term. We came across a apartment we fell in love with and the estate agent assured that the lease term was not an issue. Today our conveyancers advised us the lease only has 79 years and therefore needs a lease extension. Do we walk away, or should we negotiate our offer?
Do you handle lease extensions on land? (a plot of land in Hope with 82yrs remaining)
I have a lease of sixety years remaining on my flat in Hope. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?