Langport Lease Extension - Your Legal Fees Calculator
Common questions relating to Langport Lease Extensions
I inherited a flat in Langport with a leasehold unexpired roughly 71 years and need to extend it. Please can you clarify the next stages
I am looking to buy a one bedroom apartment in Langport with a lease of 75 years but have no idea what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
I bought a garden flat in Langport. The start date for the lease was in 1992 for 99 years. Now I am wanting to extend the lease. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?
I need to talk to you about a leasehold property in Langport, I am thinking of bidding at auction next month. The flat only has a few years unexpired lease and I was wondering about what it would cost to get a lease extension and for your services.
I am looking to either purchase the freehold or a lease extension of my property in Langport and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously get a new mortgage with Platform Home Loans Ltd to free up equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease began in 1991 and since then the ground rent has increased from £15.00 per annum to £125 per year.
I am a FTB of a leasehold flat in Langport. The lease has only fivety four years balance left and ground rent is £25. Is it possible for the owner to serve the Initial Notice and then transfer this right to me as the buyer on the day of completion so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the owner? Unfortunately it’s the case of an absent freeholder, so I am not sure how this will play out.
I am a freeholder of a block of flats in Langport, and the lessees are in the process of being given lease extensions. I anticipate receiving funds within a month or so. As I am not on self assessment do I write to the tax authorities ?
I intend to buy a one bed flat in Langport for asking price of 156k, which has fivety six 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 query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
If somebody 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 extending the lease?
I'm hoping for some assistance with regard to extending the lease on my apartment. I'll be looking to do this next autumn as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Can you recommend a good lawyers who specialises in lease extensions. Ideally nearby in Langport?