Common questions relating to Irby Lease Extensions
I own a maisonnette together with the freehold of both flats. The owners of the downstairs flat have asked for a lease extension what do I need to do?
I would like to have my residential flat leasehold extension premium valued. The flat is in Irby, and my lease will reach 69 years this June. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
We hope to sell our garden flat in Irby but we may need to extend the lease, or possibly cover the costs of our purchaser. Can you suggest a lawyers to handle this?
I am a landlord of a block of flats in Irby, and the lessees are in the process of being issued lease extensions. I should hopefully get funds within a month or so. Are there any tax implications, the property is co-owned with my partner ?
My partner and I have a one bedroom flat in Irby. There is eighty years unexpired on the lease and we want a lease extension. How much will it likely cost to extend in this area by, say,35 years
I'm living at mother and father but have a garden flat in Irby let out which has a fivety eight year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Irby for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
I do not need a lease extension but I do need a vesting order on a property I want to buy in Irby. The house is freehold but the garden is officially leasehold, 995 year lease from 1895. Its the rear garden.
Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Irby for a three bed flat - section 42 having been issued?
I know that others in the same building had already had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Would you recommend such a course of action?
I am currently negotiating a lease extension for my flat in Irby 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?