Lavenham Lease Extension - Your Legal Fees Calculator
Examples of recent questions relating to Lease Extensions in Lavenham
I am considering investing in a second home but it has a lease that expires in fifteen years. Its in Lavenham - I wanted to see if with your services this could be extended?
I plan on buying a flat in Lavenham. My offer is conditional upon a lease extension. The seller’s property lawyers 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 Accord Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
I an interested in finding out more about leasehold property buying. We plan to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Lavenham area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
Me and my husband would like to know the cost of a lease extension valuation for a property based in Lavenham. Is this something you can assist us with?
Just been over two years that I have owned my ground floor flat in Lavenham. I have fivety four yrs remaining on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
Me and my OH are buying a studio flat in Lavenham which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced extending the lease. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our lawyers to do OS1 search on the lease. The problem here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must wait pending registration of the new lease?
We know that others in the same block had already had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on on the prices by others . This would save on double valuation fees. Is this advisable?
We currently own a garden flat in Lavenham and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy eight years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
I have fivety nine years remaining on my lease of a ground floor flat in Lavenham, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
I am currently negotiating a lease extension for my flat in Lavenham 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?