Lancing Lease Extension - Your Legal Fees Calculator
Questions and Answers: Lancing Lease Extensions
I inherited a flat in Lancing with a leasehold unexpired just over 58 years and need a lease extension. Please can you advise me of the next steps
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 928 years residual lease term so a lease extension is not a concern. 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 true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any help would be much appreciated.
I am looking for a conveyancing practitioners in Lancing and they should be on the Accord Mortgages Ltd approved conveyancers panel as we need a lease extension and remortgage at the same time. Are you able to recommend any please ?
I am looking to buy a one bed flat in Lancing with a lease of 61 years but unsure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
I am the owner of a maisonnette and the freehold reversion. My upstairs neighbours have asked to extend the lease what do I need to do?
I am a freeholder of a block of flats in Lancing, and the tenants are in the process of being issued lease extensions. I anticipate receiving the money next week. Are there any tax implications, the property is in joint names with my partner ?
I am looking at acquiring an auction property and identified a one bed flat in Lancing. It only has a fifty year lease..the vendor as mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this other than the huge fee to put a new lease on it and decreased chance of obtaining a mortgage with Barnsley Building Society?
I am seeking advice as I am interested in a property that has only a seventy two year lease and therefore requires a lease extension. Is it possible for me to talk with someone to discuss my options please?
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?
I am currently negotiating a lease extension for my flat in Lancing 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?