Keyworth Lease Extension - Your Legal Fees Calculator
Questions and Answers: Keyworth Lease Extensions
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?
We are selling our studio flat in Keyworth but we may require a lease extension, or possibly cover the expense of our purchaser. Are you able to help me find someone to undertake the legal formalities?
I am considering whether to purchase the freehold or a lease extension of my property in Keyworth and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Barclays to free up equity. The broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease started in 1979 and since then the ground rent has been raised from £25.00 per annum to £100 per year.
My conveyancing practitioners (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I am the freeholder of a Georgian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 72 years. What are my next steps?
Me and my OH would like to know the cost of a lease extension valuation for a property based in Keyworth. Would you be able to help?
I'm living at mother and father but have a one bed flat in Keyworth let out which has a sixety one 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 Keyworth 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. Should I keep or sell the flat?
Although I do not need a lease extension but I do require a vesting order on a property I want to purchase in Keyworth. The house is freehold but the garden is officially leasehold, 995 year lease from 1889. Its the garden area.
I have seventy one years remaining on my lease of a ground floor flat in Keyworth, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
I am currently negotiating a lease extension for my flat in Keyworth 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?