Kirk Ella Lease Extension - Your Legal Fees Calculator
FAQs concerning Kirk Ella Lease Extensions
I bought a flat in Kirk Ella with a leasehold unexpired nearon sixety years and need a lease extension. Please can you clarify the next steps
I'm wanting to make an offer on a house in Kirk Ella but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Virgin Money giving us the mortgage now?
I have my suspicions that my niece is being hoodwinked. She put in an offer on a one bedroom apartment in Kirk Ella, where the lease is roughly 73 years but she was advised by the selling agents that the homeowner had extended it to 125 years. She has now been informed the owner was waiting for her to instruct conveyancers ahead of instigating the lease extension. Seems unscrupulous, also it may take a while to sort it all out. Am I reading too much into it?
I am looking to buy a one bed flat in Kirk Ella for asking price of 156k, which has 78 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. 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?
I am planning to extend the lease on my 2 bed flat in Kirk Ella I am looking for help to verify the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
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 sixety one years. What are my next steps?
I'm living with my mum and dad but have a maisonette in Kirk Ella let out which has a sixety 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 Kirk Ella 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 21k. Not sure sure whether to hold on or sell the flat?
We know that others in the same block previously had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?
I am planning on refinancing my two bedroom second floor purpose built flat in Kirk Ella and the bank that I am looking to switch to requires at least 85 years remaining on the lease in order for them to take the mortgage forward. We currently have around 65 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
I have a lease of 69 years remaining on my flat in Kirk Ella. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?