Common questions relating to Hyde Lease Extensions
I bought a flat in Hyde with a leasehold unexpired around 57 years and need to extend it. Please can you clarify the next stages
I plan on buying a flat in Hyde. The offer is subject to the lease extension. The vendor’s has served the Notice of Claim. 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 Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?
The terms for the lease on my apartment in Hyde are 99 years from 1 Sep 1980. Can you supply me me a quote for a lease extension if I give you more specifics please?
We have a residential flat in Hyde with sixety six years unexpired. Ten months ago we were quoted a deal to receive a lease extension for another 25 years but also increase ground rent from notional to £300 per year..plus a premium I think of approximately 9k. We have now decided to go ahead but do we now have to renegotiate?
I'm living with my parents but have a garden flat in Hyde let out which has a sixety six 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 Hyde 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 21k. Not sure sure whether to hold on or sell the flat?
I own the freehold of a three bedroom flat in Hyde. The leaseholders have 75 years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
I'm looking at acquiring a flat in Hyde valued at £256,000 the flat has approximately sixety years left on the lease. My offer was subject to the lease being extended... .. that was back in September, expecting I'd have moved in before now. The owner has just informed me they'll knock £5k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
Just a quick question, how much is the premium payable for a lease extension on a residential property in Hyde for a three bed flat - sec 42 is already served?
I own the freehold of a couple of flats. Someone has the lease on the lower flat in Hyde. I reside in the top flat. I was looking at the title deeds recently when I noticed that my flat is leasehold. There is sixety three years residual lease term. If I want to do a lease extension then would I simply be paying for the costs?
I have a lease of sixety four years remaining on my flat in Hyde. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Hyde