Lifton Lease Extension - Your Legal Fees Calculator
Sample questions relating to Lifton Lease Extensions
We are looking for lease extension for our two bed flat in Lifton and we are confused by the communication that we got from our freehold company. How long will it take?
I am looking for a lease extension on the lease on my one bed conversion flat in Lifton which will have 59 years outstanding in September. What fees apply?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I am about to view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 57 years unexpired on the lease. It is also a repo so I'm guessing that the bank will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
I am a freeholder of a block of flats in Lifton, and the leaseholders are in the process of being given lease extensions. I anticipate receiving funds next month. As I am not on self assessment do I get in touch with the tax man ?
I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
I am the freeholder of a Edwardian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy one years. What are my next steps?
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 extending the lease?
We are in the throws of buying a flat (a garden flat inLifton with share of freehold). Throughout our search, we were always looking at properties that had at least ninety years left on the lease. We identified a place we liked and the estate agent assured that the lease was long albeit not specifying a number. Today our solicitors told us the lease only has 79 years and thus requires a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Lifton