Kingsley Lease Extension - Your Legal Fees Calculator
Kingsley Lease Extensions: Q and A’s
I bought a flat in Kingsley with a leasehold unexpired around sixety six years and need to extend it. Please can you clarify the next steps
I am thinking about whether to purchase the freehold or a lease extension of my property in Kingsley and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with Bank of Ireland to free up equity. My adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease commenced in 1991 and since then the ground rent has been raised from £25.00 per annum to £300 per year.
I am about to view a one bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has 67 years residual lease term on the lease. It is also a repossession so I'm guessing that the lender will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
My mortgage provider requires a £450 fee for their lawyers to approve the lease extension deed for my flat in Kingsley... I am unable to find any reference of this in my mortgage contract... is this a usual cost that they charge?
I would like some advice on purchasing a leasehold residence. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Kingsley area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
We would like to know the cost of a lease extension valuation for a property based in Kingsley. Would you be able to help?
I am in need of some help with a lease extension. I live in Dublin but the property in question is based in Kingsley. I would be grateful if you can give me a call when you get a chance to discuss the case.
Just been over two years that I have been in my garden flat in Kingsley. I have fivety nine years outstanding on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 320K, 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: 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 have a freehold of a one bedroom flat in Kingsley. The leaseholders have 60 years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
Are you able to provide an estimate to extend my aunt’s lease on a maisonette in Kingsley. She recently got a figure from the freeholder for a lease extension but I am far from certain if it is too expensive.