Immingham Lease Extension - Your Legal Fees Calculator
Common questions relating to Immingham Lease Extensions
We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 928 years left so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any advice would be much appreciated.
I am looking to purchase a one bedroom apartment in Immingham with a lease of seventy five years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
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?
I have contacted my freeholder to extend my lease for my flat in Immingham. Her property lawyers has been in contact concerning costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started July 1990.
I have a leasehold flat in Immingham. I have built a large extension and have not informed the leaseholder. What are my options?
I wondered if you could help me on how much it would charges and the best way to start the lease extension process? I have nearon seventy seven years remaining and I own a garden flat in Immingham.
My partner and I would like to know the cost of a lease extension valuation for a property based in Immingham. Is this something you can help us with?
Coming up to two years that I have owned my garden flat in Immingham. I have 69 years remaining on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
I know that others in the same building had already had a lease extension, and the freeholder seemed reasonable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation charges. Would you suggest this course of action?
Do you handle lease extensions on land? (a plot of land in Immingham with 82yrs remaining)