Lydiate Lease Extension - Your Legal Fees Calculator
Lydiate Lease Extensions: Q and A’s
I have just completed on a studio flat located inLydiate and I'm thinking about extending the lease as soon as possible e.g. in a couple of years
I own a one bedroom apartment in Lydiate that I now cannot sell as a result of the lease requiring a lease extension. How long will it take ?
I'm about to make an offer on a house in Lydiate but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Lloyds TSB Bank giving us the mortgage now?
I am about to put an offer in on a 2 bed flat in Lydiate with a lease of sixety two years but not sure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
I am looking into the costs of carrying out a lease extension for my maisonette in Lydiate, and would like some figures on that.
My mortgage lender requires a £450 fee for their solicitors for a "deed of substituted security" for the lease extension for my flat in Lydiate... I can find no mention of this in my mortgage literature... is this a normal fee to pay?
My husband and I are considering buying a ground floor flat in Lydiate which is a leasehold. I am wanting to weigh up the pros and cons of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around seventy one years. I need a property lawyers at my end. Can you advise please? I live near Lydiate and have a mortgage with Halifax.
I'm looking at acquiring a flat in Lydiate at a price of £195,000 the flat has just under sixety years unexpired on the lease. I put in an offer conditional upon a lease extension... .. that was back in September, expecting I'd have completed by now. They have just informed me they are willing to reduce the price by£7k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
I am currently negotiating a lease extension for my flat in Lydiate 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?