Kingswinford Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Kingswinford Lease Extensions
I bought a flat in Kingswinford with a leasehold unexpired slightly less than seventy four years and need to extend it. Please can you advise me of the next steps
I plan on buying a flat located in Kingswinford. My offer is conditional upon a lease extension. The flat owner’s solicitors has given to the freeholder 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 Bank of Scotland. Moreover, which are the following lease extension steps to complete the purchase?
I'm looking for a flat to buy in Kingswinford and I'm not really familiar with the leasehold concept. I've found a studio flat I like with a 91 years lease. My research reveals that I can go for a lease extension after a couple of years, but:- Is this a given?
I am a freeholder of a block of flats in Kingswinford, and the lessees are in the process of being given lease extensions. I should hopefully get funds next week. How does the tax work, the property is in joint names with my wife ?
Regarding a property in Kingswinford. GFF maisonette. 79 yrs unexpired. I have an agreed lease extension to £20k for 115yrs. Freeholder also insisted on Section 42 Notice which I think is a tad over the top. Advice required.
I am seeking advice as I am interested in a property that has only a 57 year lease and therefore requires a lease extension. Is it possible for me to call someone to discuss my options please?
I note that your website states the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost including value added tax and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my garden flat in Kingswinford
We are in the throws of buying a property (a maisonette inKingswinford with share of freehold). Throughout our search, we were always looking at flats that had at least eighty five years left on the lease. We came across a apartment we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. This morning our conveyancers advised us the lease only has 71 years and therefore needs a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
I am currently negotiating a lease extension for my flat in Kingswinford 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?
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in Kingswinford