Lifton Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Lifton Lease Extensions
We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 928 years outstanding 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 correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any feedback would be much appreciated.
I am looking into the costs of carrying out a lease extension for my one bedroom apartment in Lifton, and would like some figures on that.
I am a landlord of a block of flats in Lifton, and the leaseholders are in the process of being issued lease extensions. I should hopefully get the money next month. As I am not on self assessment do I write to the tax authorities ?
Regarding a property in Lifton. lower maisonette. seventy nine yrs remaining. I have negotiated a lease extension price of £14k for 115yrs. Freeholder also requested Initial Notice which I think is a tad over the top. Advice required.
I have a share of the freehold. There are three apartments in the block. All the leaseholders are now seeking lease extensions. How long will take to get a lease extension?
My conveyancing practitioners (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?
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 doing it?
I own the freehold of a couple of flats. Someone has the lease on the ground flat in Lifton. I reside in the top flat. I was looking at the title deeds recently when I noticed that my flat has a lease on it. There is 79 years outstanding. Can one carry out a lease extension without using a conveyancing practitioners?
My wife and I are aware that others in the same building had already had a lease extension, and the landlord seemed reasonable. It therefore appears 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?
I'm looking for some advice with regard to a lease extension on my one bedroom ground floor purpose built flat in Lifton. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?