Hurst Lease Extension - Your Legal Fees Calculator
Hurst Lease Extensions: Q and A’s
My husband agreed with the head landlord to a lease extension on our flat based in Hurst, 7k for an additional 90yrs. How long will it take ?
I am going to purchase a flat in Hurst. My offer is conditional upon a lease extension. The owner’s conveyancers has served the Section 42 Notice. 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 Halifax. Moreover, which are the following lease extension steps to complete the purchase?
We are the registered owners of a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Hurst and are therefore considering the option of a vesting order. Is this something you can do for us?
My mortgage provider requires a £500 fee for their solicitors for a "deed of substituted security" for the lease extension for my flat in Hurst... I can find no mention of this in my mortgage literature... is this a usual charge?
We have owned a leasehold flat for approximately eighteen years. There are 76 years unexpired lease on the lease. Following a year of difficult negotiations through my solicitors 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.
If somebody 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 have been in discussion with our freeholder after having a valuation on our garden flat in Hurst. We have a 58 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a property lawyers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
I am currently negotiating a lease extension for my flat in Hurst 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?
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in Hurst
We have a studio flat in Hurst with a lease of 70 years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?