Examples of recent questions relating to Lease Extensions in Hyde
We are thinking about a lease extension for our leasehold house located in Hyde and we don't fully comprehend the letter that we got from our landlord company. How long will it take?
The terms for the lease on my flat in Hyde are 95 years from 12 Sep 1990. Can you supply me me a quote for a lease extension if I give you more specifics please?
I am about to view a two bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has seventy years balance left on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
Me and my OH are considering purchasing a garden flat in Hyde which is a leasehold. I am wanting to weigh up the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?
I am looking to buy a one bed flat in Hyde for asking price of 125k, which has 70 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
My lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I would like some advice on purchasing a leasehold residence. We plan to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Hyde 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?
I am the freeholder of a 1930’s property split into two flats. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 54 years. What are my next steps?
Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Hyde for a one bed flat - section 42 having been issued?
I'm looking for some advice concerning extending the lease on my flat. 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. Do I look to extend it now or wait until I sell my place and have it all tied in with the property sale?