Top Ten Questions relating to Hove Lease Extensions
I am looking to buy a one bedroom second floor purpose built maisonette in Hove with a lease of sixety six years but not sure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
I would like to have my residential flat leasehold extension premium assessed. The flat is in Hove, and my lease will reach sixety years this July. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
We are in a block consisting of three flats in Hove and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
Think I may have made an error, I am actually looking for a lawyers in Hove who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to assist me with?
I am looking to either purchase the freehold or a lease extension of my property in Hove and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Bank of Scotland to free up equity. My broker handling the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease started in 1979 and since then the ground rent has been raised from £38.00 per annum to £125 per annum.
I am a freeholder of a block of flats in Hove, and the tenants are in the process of being given lease extensions. I anticipate receiving the money within a month or so. As I am not on self assessment do I contact HMRC ?
I am the freeholder of a Victorian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety one years. What are my next steps?
I'm living with my mother and father but have a three bed flat in Hove let out which has a fivety four 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 Hove 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 19k. Not sure sure whether to hold on or sell the flat?
If a leaseholder 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 extending the lease?
I'm seeking some assistance concerning a lease extension on my maisonette. I'll be looking to do this in nine months time 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 LVT route. You are able to recommend a good lawyers with expertise in lease extensions. Ideally based in Hove?