Kingston Park Lease Extension - Your Legal Fees Calculator
Questions and Answers: Kingston Park Lease Extensions
I inherited a property in Kingston Park and it has around 57 years outstanding. I'd like to extend the lease period
I have got a leasehold flat in the Kingston Park area and was enquiring if I could obtain a lease extension. What are your processes and charges. Has 57 years left
We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 899 years left so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any advice would be much appreciated.
I plan on buying a flat located in Kingston Park. The offer is conditional upon a lease extension. The seller’s 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 Halifax. Moreover, which are the following lease extension steps to complete the purchase?
We hope to sell our garden flat in Kingston Park but we may require a lease extension, or possibly cover the expense of our purchaser. Are you able to suggest someone to undertake the legal formalities?
In 2012 I purchased a leasehold flat in Kingston Park. I have built a big extension and have not informed my leaseholder. What should I do?
I am looking at bidding for an auction property and found a studio flat in Kingston Park. It has just 49 year lease..the current owner being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this other than the expensive fee to extend the lease and decreased chance of obtaining a mortgage with HSBC Bank?
I am looking to buy a one bed flat in Kingston Park for asking price of 125k, which has seventy three years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
Me and my partner are are hoping to complete on a 2 bed flat in Kingston Park which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of dealing with a lease extension. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our conveyancers to do a "priority search" on the lease. The concern here is that as a lease extension has been submitted we've been told by our conveyancers it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we have to be patient until the lease extension has actually been registered before completing.?
I am currently negotiating a lease extension for my flat in Kingston Park 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?