Leyton Lease Extension - Your Legal Fees Calculator
Sample questions relating to Leyton Lease Extensions
I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. 2 of the leasehold owners want to extend their leases and I'm wondering about the the process
My co-lessees and I are in a block comprising five flats in Leyton and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
What will it cost me and what is the best way to start the lease extension process? I have circa 70 years remaining on my lease on a studio flat in Leyton. I have emailed the managing agents who represent the head landlord and they provided me with the number for the surveyor. I have contacted the surveyor but I am not getting any kind of reaction.
Ref a residence in Leyton. GFF maisonette. 54 yrs remaining. I have negotiated a lease extension price of £12,000 for 125yrs. Landlord also requested Initial Notice which I think should not be necessary. Advice required.
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 doing it?
Me and my fiance have been in discussion with our freeholder after having a valuation on our studio flat in Leyton. We have a 55 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that he 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 lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
I have a freehold of a three bedroom flat in Leyton. The leaseholders have sixety years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
My husband and I are buying a three bedroom first floor purpose built flat in Leyton which has share of freehold and a leasehold. The lease was starting to get low so the seller is in the process of dealing with a lease extension. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our solicitors to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our lawyers it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it correct that we must wait until the new lease is registered?
We are hoping to purchase a property (a maisonette inLeyton with share of freehold). During our search, we were always looking at properties that had at least 84 years remaining. We identified a flat we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. Today our lawyers informed us the lease only has 54 years and thus requires a lease extension. Should we walk away, or do we negotiate our offer?
I am currently in the process of refinancing my studio flat in Leyton and the bank that I am looking to move to needs at least 85 years remaining on the lease in order for them to progress matters. I have discovered that I currently have around 75 years on the leasehold so require some help, guidance, and some quotes to start the lease extension process