Ince in Makerfield Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Ince in Makerfield Lease Extensions
I am going to purchase a flat in Ince in Makerfield. The offer is conditional upon a lease extension. The flat owner’s conveyancing practitioners has served the Section 42 Notice. 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 Aldermore. Moreover, which are the following lease extension steps to complete the purchase?
We are selling our ground floor flat in Ince in Makerfield but we may require a lease extension, or possibly cover the costs of our purchaser. Are you able to recommend a lawyers to undertake the legal formalities?
My co-lessees and I are in a building made up four flats in Ince in Makerfield and have been offered to buy the freehold for 7k 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?
I am considering whether to purchase the freehold or a lease extension of my property in Ince in Makerfield and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with Nottingham Building Society to free up equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease started in 1981 and since then the ground rent has increased from £25.00 per year to £125 per year.
I am about to view a one bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 63 years residual lease term on the lease. It is also a repo so I'm assuming that the vendor will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
I am a FTB of a leasehold flat in Ince in Makerfield. The lease has just 59 years outstanding and ground rent is £75. Is it possible for the seller to serve the Section 42 Notice and then transfer over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the flat owner? To add to the complexity the landlord is absent, so I am not sure how this will play out.
My OH and I are considering buying a three bed flat in Ince in Makerfield which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from extending the lease?
My wife and I would like to know the cost of a lease extension valuation for a property based in Ince in Makerfield. Would you be able to help?
I am in need of some help with a lease extension. I live in Dublin but the flat in question is based in Ince in Makerfield. I would be grateful if you can give me a call when you get a chance to discuss the case.
My and my partner know that others in the same block previously had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?