Knottingley Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Knottingley Lease Extensions
My fiance and I are looking for lease extension for our ground floor flat located in Knottingley and we don't fully understand the letter that we received from our landlord company. How long will it take?
I want to buy a leasehold property and lease extension. The flat owner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I purchased a two bedroom second floor purpose built flat in Knottingley. The lease commenced in 1998 for 99 years. Now I am looking for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
I am looking to either purchase the freehold or a lease extension of my property in Knottingley and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Lloyds TSB Bank to release of equity. The adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease commenced in 1979 and since then the ground rent has been raised from £25.00 per year to £125 per annum.
My husband and I had entered into buying a garden flat in Knottingley. I was assured that the lease had been lengthened (60 years outstanding prior to extension). The sales particulars stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The seller apparently has a quote but no money to extend and consequently the current owner wishes to exchange and use the my deposit to extend the lease. My question is why has this only just been brought to my attention by my solicitors?
My solicitors (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?
If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
My brother and I have been in discussion with our freeholder after having a valuation on our maisonette in Knottingley. We have a fivety nine year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a conveyancing practitioners to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
My nephew is worried about obtaining a lease extension from an objectionable freeholder. Notwithstanding that the legal procedures were followed under the appropriate legislation, the landlord still attempted to charge ground rent of £300 increasing by 100% every twenty five years of the new term. Can you assist?
I am currently negotiating a lease extension for my flat in Knottingley 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?