Ilminster Lease Extension - Your Legal Fees Calculator
Common questions relating to Ilminster Lease Extensions
I am considering investing in a second home but it has a lease that expires in 14 years. Its in Ilminster - I wanted to see if with your services this could be extended?
I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has 54 years remaining.
I bought a ground floor flat in Ilminster. I am looking for a lease extension on the property. It is roughly eighty years. I would just like to know what your charges are and how long the process takes.
We own a leasehold with a freeholder who has failed to give us a counter-notice for a lease extension for our flat in Ilminster and are therefore deliberating the option of a vesting order. Is this something you can help us with?
I am looking to either purchase the freehold or a lease extension of my property in Ilminster and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a refinance with Barnsley Building Society to release of equity. The broker handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease began in 1981 and since then the ground rent has increased from £15.00 per annum to £100 per year.
We have a first floor flat in Ilminster with 66 years unexpired. Last year we were quoted a deal to grant a lease extension for a further fifty years but also increase ground rent from notional to a little more..plus a premium I think of about 14k. Finally we have decided to move forward but do we now have to start the negotiations again?
Me and my partner are considering buying a ground floor flat in Ilminster which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from extending the lease?
I intend to buy a one bed flat in Ilminster for asking price of 125k, which has seventy two 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 landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in Ilminster. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the rear garden.
I am currently negotiating a lease extension for my flat in Ilminster 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?