Hi, I just randomly found this website. I'm seeking prices on what it cost to extend a lease of a one bedroom first floor purpose built maisonette in Idle. It's on sale at the moment but has around 79 years left on the lease
I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has fivety four years unexpired.
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
My co-lessees and I are in a building consisting of four flats in Idle and have been offered to buy the freehold for £5000 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?
Offer accepted on a a one bedroom first floor purpose built maisonette in Idle, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 82 years.We are about to exchange contracts in a couple of days. My question is Should I tell the owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
I am the owner of a purpose-built flat located in a large development in Idle. The leasehold interest in the apartment on a 99 year lease started from 1 March 1980 with a non-reviewable ground rent of £25 per annum. I wish to obtain a lease extension. Can I talk with someone to discuss my options please?
I would like some advice on leasehold property buying. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Idle area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
My husband and I would like to know the cost of a lease extension valuation for a property based in Idle. Would you be able to help?
Coming up to 2 years that I have been in my three bed flat in Idle. I have sixety six yrs unexpired lease on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Idle based or any will do fine?
I own the freehold reversion of a property in Idle and a leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what fee would I be likely to face?
Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Idle