Horsham Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Horsham
I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. Two of the leaseholders want to extend their leases and I'm enquiring about the procedure for this
We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 798 years remaining so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any feedback would be much appreciated.
I own a maisonnette and the freehold. The owners of the upstairs flat have asked for a lease extension what do I need to do?
I inherited a one bed flat in Horsham. The lease started in 2001 for 99 years. Now I am looking for a lease extension. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
My father has a share of freehold, with two other leaseholders in a building in Horsham. House converted into three flats. He has a lease, which has nearly sixety four yrs left. How much would it cost for a lease extension and how many years would he need to extend by?
I'm living with my mum and dad but have a one bed flat in Horsham let out which has a sixety two 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 Horsham 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?
Just been over 2 years that I have owned my ground floor flat in Horsham. I have sixety three yrs unexpired lease on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors 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)?
If a leaseholder owns a flat with a lease of less than 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?
My OH and I are purchasing a one bedroom apartment in Horsham which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our conveyancing practitioners to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our lawyers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we must hold on pending registration of the new lease?
I'm looking for some advice with regard to a lease extension on my flat. I'll be looking 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. Can you recommend a good lawyers with expertise in lease extensions. Preferably nearby in Horsham?