I have a lease of seventy two years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
I plan on buying a flat in Kibworth Beauchamp. My offer is conditional upon a lease extension. The seller’s property lawyers has served the Notice of Claim. 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 Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?
I am looking to either purchase the freehold or a lease extension of my property in Kibworth Beauchamp and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously refinance with Chelsea Building Society to free up equity. My adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease commenced in 1972 and since then the ground rent has increased from £25.00 per year to £125 per year.
My mortgage lender requires a £450 fee for their solicitors to approve the lease extension deed for my flat in Kibworth Beauchamp... I am unable to find any mention of this in my mortgage literature... is this a standard fee to pay?
I own a share of the freehold. There are three flats in the house. All the leaseholders are now looking for lease extensions. How long will take to get a lease extension?
My property lawyers (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 own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 54 years. I need a solicitors at my end. Can you advise please? I live near Kibworth Beauchamp and have a mortgage with Barnsley Building Society.
Coming up to 2 years that I have been in my two bedroom first floor purpose built maisonette in Kibworth Beauchamp. I have sixety nine years remaining on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Kibworth Beauchamp based property lawyers or any will do fine?
I am currently in the process of refinancing my one bedroom apartment in Kibworth Beauchamp and the mortgage company that I am looking to switch to needs at least 80 years on the leasehold of my property in order for them to take the mortgage forward. I have discovered that I currently have around 70 years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
I'm looking for some advice with regard to a lease extension on my garden flat in Kibworth Beauchamp. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?