Horsforth Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Horsforth Lease Extensions
I bought a studio flat in Horsforth that I am now unable to sell as a result of the lease needing a lease extension. How long will it take ?
I am considering investing in a second home but it has a lease that expires in eighteen years. Its in Horsforth - I wanted to see if with your services it is possible for this to be extended?
I am deliberating whether to purchase the freehold or a lease extension of my property in Horsforth and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Bank of Ireland to free up equity. The broker handling the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease commenced in 1972 and since then the ground rent has been raised from £15.00 per annum to £100 per year.
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?
I am looking for advice as I am interested in a property that has only a 54 year lease and therefore requires a lease extension. Is it possible for me to talk with someone to go through my options please?
We would like to know the cost of a lease extension valuation for a property based in Horsforth. Is this something you can help us with?
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 doing it?
My wife and I are worried about obtaining a lease extension from an objectionable freeholder. Regardless of the fact that the correct procedures were followed under the 1993 Act, the freeholder still tried to get ground rent of £200 doubling every twenty five years of the new term. Can you help?
We currently own a one bedroom first floor purpose built maisonette in Horsforth 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 73 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
I am currently negotiating a lease extension for my flat in Horsforth 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?