Common questions relating to Idle Lease Extensions
Hi, I just randomly found this website. I'm looking for prices on what it cost to extend a lease of a studio flat in Idle. It's on sale at the moment but has around 69 years left on the lease
I own a leasehold flat in the Idle area and was curious whether I could obtain a lease extension. What are your processes and charges. Has fivety nine years outstanding
I have been in touch with my freeholder for a lease extension for my flat in Idle. His conveyancing practitioners has been in contact regarding costs etc. I need an estimate for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started May 1986.
I am looking into the costs of carrying out a lease extension for my studio flat in Idle, and would like some figures on that.
I am considering whether to purchase the freehold or a lease extension of my property in Idle and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with Yorkshire Building Society to release of equity. My adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease began in 1972 and since then the ground rent has been raised from £25.00 per year to £200 per year.
I intend to buy a one bed flat in Idle for asking price of 156k, which has sixety three years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
I am seeking advice as I am interested in a property that has only a seventy three year lease and therefore requires a lease extension. Is it possible for me to talk with someone to discuss my options please?
My conveyancers (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?
We are acquiring a maisonette in Idle which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our lawyers to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our conveyancing practitioners it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we have to be patient pending registration of the new lease?
Me and my OH are hoping to purchase a property (a garden flat inIdle with share of freehold). Throughout our search, we were always looking at properties that had at least eighty five years residual lease term. We came across a apartment we liked and the selling agent promised us that the lease term was not an issue. Yesterday our conveyancers advised us the lease only has fivety seven years and therefore needs a lease extension. Do we walk away, or do we negotiate our offer?