Linton Lease Extension - Your Legal Fees Calculator
Common questions relating to Linton Lease Extensions
My wife has an apartment located in Linton which we are about to put on the market. The leasehold has nearon 59 years unexpired on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Many thanks.
The terms for the lease on my flat in Linton are 99 years from 10 Jan 1988. Can you give me a quote to extend the lease if I give you more specifics please?
I am thinking about whether to purchase the freehold or a lease extension of my property in Linton and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with Skipton Building Society to release of equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease commenced in 1972 and since then the ground rent has increased from £25.00 per annum to £100 per year.
I would like to know the likely charges and the best way to get a lease extension started? I have slightly more than 78 years unexpired lease and I own a three bed flat in Linton.
I own a purpose-built flat located in a small block in Linton. The leasehold interest in the flat on a ninety five year lease started on 21st November 1972 with a non-reviewable ground rent of £10 per annum. I wish to obtain a lease extension. Is it possible for me to call someone to go through my options please?
I'm living with my parents but have a one bedroom apartment in Linton let out which has a 54 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Linton for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
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 purchasing a maisonette in Linton which has share of freehold and a leasehold. The lease was on the short side so the vendor commenced extending the lease. The vendor has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our lawyers to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our conveyancing practitioners 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 be patient pending registration of the new lease?
My wife and I are in the throws of buying a home (a maisonette located inLinton with share of freehold). During our search, we were always looking at properties that had at least 84 years outstanding. We came across a flat we liked and the estate agent assured that the lease term was not an issue. Today our conveyancers advised us the lease only has 68 years and therefore requires a lease extension. Should we run 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?
I am planning on refinancing my studio flat in Linton and the bank that I am looking to switch to needs a minimum 85 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around sixety three years on the leasehold so looking for some help, guidance, and some quotes to get the wheels in motion for a lease extension