Horfield Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Horfield Lease Extensions
Hi, I stumbled across this site. I'm looking for prices on what a lease extension will cost for a maisonette located in Horfield. It's on sale at the moment but has nearon seventy one years of unexpired leasehold
I am going to purchase a flat based in Horfield. The offer is conditional upon a lease extension. The vendor’s property lawyers has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Santander. Moreover, which are the following lease extension steps to complete the purchase?
I am looking to either purchase the freehold or a lease extension of my property in Horfield and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with The Royal Bank of Scotland to free up equity. My adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold purchase .The lease began in 1991 and since then the ground rent has increased from £15.00 per year to £125 per annum.
I am a FTB of a leasehold flat in Horfield. The lease has just 64 years left and ground rent is £75. Is it possible for the owner to serve the Initial Notice and then transfer this right to me as the purchaser on the day of completion so that I can avoid waiting 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 may be possible but will it be very time costly to the flat owner? Unfortunately the freeholder is absent, so I am not sure how this will play out.
We have a leasehold flat in Horfield with 65 years unexpired. Last year we were quoted a deal to receive a lease extension for a further fifty years but also uplift the ground rent from notional to £300 per annum..plus a premium I think of about 9k. We have now decided to move forward but do we now have to start the negotiations again?
I an interested in finding out more about leasehold property buying. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Horfield area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
Me and my partner are hoping to purchase a home (a one bedroom second floor purpose built maisonette inHorfield with share of freehold). During our search, we were always looking at apartments that had at least eighty five years outstanding. We found a apartment we liked and the selling agent assured that the lease term was not an issue. This morning our lawyers advised us the lease only has sixety years and therefore requires a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
I'm hoping for some assistance concerning a lease extension on my flat. The intention is to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. You are able to recommend a good solicitors who specialises in lease extensions. Preferably someone in Horfield area?
I know that others in the same building had already had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of not having formal valuation and base the initial offer on previous prices . This would save on double valuation fees. Would you recommend this course of action?
I have 58 years remaining on my lease of a ground floor flat in Horfield, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable